Top Ten Questions relating to Sutton Lease Extensions

  • 20,000 agreed with the landlord’s agents, just trying to find a Sutton for a lease extension. Our flat has roughly 79 yrsleft. What's your solicitors fee ?
  • I’m just looking for a studio flat to purchase in the Sutton area and was curious how much would it cost for a lease extension? It has sixety three years unexpired...
  • I am looking to either purchase the freehold or a lease extension of my property in Sutton and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Godiva Mortgages Ltd to release of equity. My broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease commenced in 1991 and since then the ground rent has increased from £25.00 per annum to £100 per annum.
  • I am concerned that my daughter might be having the wool pulled over her eyes. She put in an offer on a one bedroom apartment in Sutton, where the lease is around fivety six years but she was advised by the selling agents that the owner had extended it to 99 years. She has now been told the vendor was waiting for her to appoint solicitors ahead of instigating the lease extension. Seems devious, also it could take a while to sort it all out. What do you think?
  • I am looking at purchasing an auction property and found a studio flat in Sutton. It has just 49 year lease..the vendor as mortgagees in possession dont want the aggravation of applying for a lease extension..what are the disadvantages of this other than the expensive fee to extend the lease and reduced chance of obtaining a mortgage with Clydesdale?
  • My flat in Sutton is up for sale and I have a hopefully firm offer. There is 82 years left on the lease and I want to extend the lease. How much does it cost on average to extend in this location by, say,fifty years
  • My son has a share of freehold, with two other leaseholders in a building in Sutton. House split into three apartments. He has a lease, which has just over sixety four years unexpired lease. 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?
  • 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 note that your website states the likely fee to extend a lease is £495. Is that the total cost including vat and the land registry fee? The price has already been agreed with the freeholder for the lease extension for my ground floor flat in Sutton
  • I'm looking for some advice with regard to extending the lease on my maisonette. I'll be looking to do this sometime next year as we must 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. You are able to recommend a good with expertise in lease extensions. Ideally based in Sutton?

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