Questions and Answers: Southwater Lease Extensions

  • I’m about to offer on a one bedroom ground floor purpose built maisonette to buy in the Southwater area and was enquiring how much would it cost to extend a lease? It has sixety years remaining...
  • Are you able to advise on the likely charges and the best way to get a lease extension started? I have around sixety eight years outstanding and I own a maisonette in Southwater.
  • My mortgage provider is requesting several hundred pounds for their lawyers for a "deed of substituted security" for the lease extension for my flat in Southwater... I can find no reference of this in my mortgage booklet... is this a standard charge?
  • I am the owner of a purpose-built apartment located in a large development in Southwater. The leasehold interest in the flat on a 101 year lease which commenced on 2nd August 1980 with a non-reviewable yearly rent of 35. I wish to obtain a lease extension. Is it possible for me to talk with someone to go through my options please?
  • Me and my husband would like to know the cost of a lease extension valuation for a property based in Southwater. Would you be able to help?
  • I own the freehold to two flats. Someone has the lease on the lower flat in Southwater. I occupy in the upper flat. I was looking at the land registry documents last night when I noticed that my flat is leasehold. There is 70 years outstanding. If I want a lease extension then would I just be paying for the lawyers fees?
  • I own the freehold reversion of a property in Southwater where the leaseholder would like a lease extension. Her valuer has suggested a figure of £8,000, but has increased this to £10,000 without too much effort. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what charges would I be likely to incur?
  • I am currently negotiating a lease extension for my flat in Southwater as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Southwater
  • Do you handle lease extensions on land? (a plot of land in Southwater with 82yrs remaining)
  • Other Topics

    Lease Extensions in Southwater

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