Frequently asked questions relating to Tooting Bec Lease Extensions

  • My husband agreed with the landlord to a lease extension on our flat in Tooting Bec, 20.5k for a further 90yrs. How long will it take ?
  • I need to extend my current lease can you help me with that? My investigation with the Land Registry reveal that it has seventy four years outstanding
  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 899 years outstanding so a lease extension is not an issue. 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 owning the property. Any help would be much appreciated.
  • I am the owner of a maisonnette together with the freehold. The owners of the upstairs flat have asked for a lease extension what do I need to do?
  • I am a freeholder of a block of flats in Tooting Bec, and the lessees are in the process of being granted lease extensions. I anticipate receiving the money next month. Are there any tax implications, the property is in joint names with my wife ?
  • I am thinking about buying an auction property and identified a studio flat in Tooting Bec. It only has a 41 year lease..the seller being mortgagees in possession dont want to mess around with applying for a lease extension..what are the drawbacks of this other than the huge fee to extend the lease and decreased chance of getting a mortgage with Accord Mortgages Ltd?
  • I have a share of the freehold. There are five flats in the house. All the leaseholders are now looking for lease extensions. Are you willing to help us with this situation?
  • We wish to extend our lease. We will have been in the property for two years as of 22nd Feb 2015. It has just over seventy seven years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as possible.
  • I own a purpose-built apartment located in a large development in Tooting Bec. The leasehold interest in the flat on a ninety five year lease which commenced from 30th March 1970 with a fixed ground rent of £15 per annum. I would like to obtain a lease extension. Can I talk with someone to discuss my options please?
  • I'm living with my mother and father but have a three bedroom ground floor purpose built maisonette in Tooting Bec let out which has a 64 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Tooting Bec for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?

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