FAQs concerning South Lambeth Lease Extensions

  • I’m just looking for a garden flat to buy in the South Lambeth area and was interested in finding out how much would it cost to extend a lease? It has 61 years as a balance left...
  • I own a leasehold flat in the South Lambeth area and was wondering if I could get a lease extension. What are your processes and fees. There are 54 years unexpired
  • We have seen a house for sale for £185,000 and we are very keen on but we've just discovered that it is leasehold. There are 899 years remaining so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any guidance would be much appreciated.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in South Lambeth, and my lease will reach 57 years this January. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • The intention is to sell our ground floor flat in South Lambeth but we may require a lease extension, or possibly cover the costs of our buyers. Can you suggest a conveyancers to handle this?
  • I have a share of the freehold. There are five flats in the block. All the leaseholders are now requiring lease extensions. What are the timescales to grant a lease extension?
  • Me and my sister are considering buying a one bedroom first floor purpose built flat in South Lambeth which is a leasehold. I am wanting to weigh up the pros and cons of that - what occurs when lease ends, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from extending the lease?
  • My friend is aware that others in the same building previously had a lease extension, and the landlord was reasonable. Therefore is seems worth taking risk of not having formal survey and calculate the initial offer on on the prices by others . This would save on double valuation fees. Is this advisable?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my three bedroom second floor purpose built maisonette in South Lambeth
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    Lease Extensions in South Lambeth

    Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in South Lambeth