Surbiton Lease Extension - Your Legal Fees Calculator
Surbiton Lease Extensions: Q and A’s
I’m seeking a lease extension for our apartment located in Surbiton and we are confused by the communication that we received from our freehold company. How long will it take?
I acquired a ground floor flat in Surbiton that I now cannot sell due to the lease requiring a lease extension. Can you please help me with this situation ?
We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 928 years remaining so a lease extension is not a concern. 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 suggestions would be much appreciated.
My co-lessees and I are in a block containing three flats in Surbiton and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
I am considering purchasing an auction property and found a one bed flat in Surbiton. It has just 48 year lease..the vendor as mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this except for the costly fee to extend the lease and decreased chance of obtaining a mortgage with Barclays Direct?
Ref a leasehold in Surbiton. upper maisonette. sixety three yrs left. I have an agreed lease extension to £20k for 135yrs. Freeholder also insisted on Notice of Claim which I think is a tad over the top. Advice required.
Me and my fiance are proceeding with a purchase of a studio flat in Surbiton. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety years unexpired lease prior to extension). The description on the listing said "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The homeowner supposedly has a quote but no funds to extend and consequently the current owner wishes to exchange and use the 10% deposit to extend the lease. My question is as the lease hasn't been extended is there not a danger that Nationwide Building Society won't lend on a lease?
If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
I'm looking at acquiring a flat in Surbiton at a price of £256,000 the flat has something like seventy four years unexpired on the lease. I put in an offer conditional upon the lease being extended... .. that was back in June, expecting I'd have moved in by Christmas. The seller has just come back saying they'll reduce the price by£2k if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
I own the freehold of a couple of flats. Someone has the lease on the garden flat in Surbiton. I reside in the top flat. I was looking at the title deeds today when I noticed that my flat has a lease on it. There is seventy eight years left. Can one do a lease extension without instructing a conveyancing practitioners?