Questions and Answers: Sutton Lease Extensions

  • 20,000 agreed with the landlord’s agents, just attempting to find a Sutton for a lease extension. Our lease has nearly seventy five yearsoutstanding. How long will this take ?
  • I'm wanting to make an offer on a house in Sutton but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Accord Mortgages Ltd giving us the mortgage now?
  • We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 798 years residual lease term so a lease extension is not required. 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 true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any guidance would be much appreciated.
  • 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?
  • Hi. I need a to review my lease extension before it's completed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few small variations.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Sutton, and my lease will reach seventy two years this Septembmer. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • I own a leasehold apartment in Sutton. I have built a huge extension and have not informed the freeholder. What are my options?
  • Me and my wife are considering buying a studio flat in Sutton which is a leasehold. I am wondering what are the pros and cons of that - what occurs when lease expires, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from extending the lease?
  • I intend to buy a one bed flat in Sutton for asking price of 156k, which has seventy four years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • My partner and I are in the throws of buying a flat (a ground floor flat based inSutton with share of freehold). Throughout our search, we were always looking at properties that had at least ninety years left. We came across a place we liked and the selling agent promised us that the lease term was not an issue. Yesterday our informed us the lease only has sixety seven years and therefore requires a lease extension. Do we walk away, or should we reduce our offer?

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