FAQs concerning Southwater Lease Extensions

  • My fiance and I have just acquired a garden flat inSouthwater and I'm thinking about extending the lease as soon as practicable e.g. after 24 months of ownership
  • My partner has an apartment based in Southwater which we are about to put on the market. The leasehold has slightly less than 65 years residual lease term on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Thank you.
  • I need to negotiate a lease extension for a flat in Southwater and want to use a local . Are you able to help me find a ?
  • Hi. I need someone to review my lease extension before it's signed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor amendments.
  • I am looking into the costs of carrying out a lease extension for my studio flat in Southwater, and would like some figures on that.
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Southwater and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a remortgage with Yorkshire Building Society to free up equity. The adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease started in 1979 and since then the ground rent has been raised from £15.00 per annum to £125 per annum.
  • I'm looking for a flat to buy in Southwater and I'm not really familiar with the leasehold tenure. I've found a garden flat I like with a 91 years lease. My research reveals that I can go for a lease extension after a couple of years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
  • My mortgage lender is requesting a £500 fee for their to agree a lease extension for my flat in Southwater... I can find no mention of this in my mortgage contract... is this a normal cost that they charge?
  • We wish to extend our lease. We will have been in the flat for 2 years as of 21st May 2015. It has about seventy three years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as possible.
  • Me and my sister are in the throws of buying a home (a garden flat based inSouthwater with share of freehold). Throughout our search, we were always looking at flats that had a minimum 83 years outstanding. We identified a place we liked and the selling agent promised us that the lease was long albeit not specifying a number. Today our informed us the lease only has 56 years and thus requires a lease extension. Do we run away, or should we reduce our offer?

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