Common questions relating to South West London Lease Extensions

  • I have an interest in the freehold of 2 blocks of flats comprising of seven flats each. 2 of the leaseholders want a lease extension and I'm enquiring about the the process
  • We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 798 years unexpired 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 correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any information would be much appreciated.
  • I bought a studio flat in South West London. The lease started in 1991 for 99 years. Now I am wanting to extend the lease. I am uncertain about additional expenses, could you tell me please how much I should expect to spend on this?
  • I am going to purchase a flat in South West London. My offer is subject to the lease extension. The homeowner’s property lawyers has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Clydesdale. Moreover, which are the following lease extension steps to complete the purchase?
  • The intention is to sell our studio flat in South West London but we may need to extend the lease, or possibly cover the costs of our buyers. Are you able to help me find someone to undertake the legal formalities?
  • I am a FTB of a leasehold flat in South West London. The lease has just 65 years residual lease term and ground rent is £75. Is it possible for the seller to serve the Initial Notice and then assign this right to me as the buyer once I complete the buying process so that I don't have to wait for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the seller? To add to the complexity the freeholder can not be found, so I am not sure how does it work.
  • My husband has a share of freehold, with two other leaseholders in a building in South West London. House divided into three apartments. He has a lease, which has about 78 years left. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I am in need of some help with a lease extension. I live in Belfast but the property in question is based in South West London. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I own the freehold of a three bedroom flat in South West London. The leaseholders have 67 years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
  • Just a quick question, how much is the premium payable for a lease extension on a residential property in South West London for a three bed flat - sec 42 having been issued?
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    Lease Extensions in South West London

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