Frequently asked questions relating to Surrey Quays Lease Extensions

  • My partner has a flat located in Surrey Quays which we have just put on the market. The leasehold has about seventy one years left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
  • I have a lease of sixety six years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • We purchased a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Surrey Quays and are therefore thinking about the option of a vesting order. Is this something you can handle for us?
  • My mortgage lender requires a £500 fee for their for a "deed of substituted security" for the lease extension for my flat in Surrey Quays... I am unable to find any reference of this in my mortgage literature... is this a normal fee to pay?
  • I am a landlord of a block of flats in Surrey Quays, and the leaseholders are in the process of being issued lease extensions. I anticipate receiving funds within a month or so. As I am not on self assessment do I contact the tax man ?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My nephew has a share of freehold, with two other leaseholders in a building in Surrey Quays. House converted into three apartments. He has a lease, which has slightly more than 77 yrs outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
  • I'm hoping for some advice concerning a lease extension on my apartment. The plan is to do this sometime next year as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good who specialises in lease extensions. Preferably someone in Surrey Quays area?
  • Are you able to provide an estimate to extend my aunt’s lease on a garden flat in Surrey Quays. She already has a figure from the landlord for a lease extension but I am not sure it is reasonable.
  • I am currently negotiating a lease extension for my flat in Surrey Quays 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?

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