Frequently asked questions relating to Tooting Bec Lease Extensions

  • I'm wanting to make an offer on a house in Tooting Bec but I'm a little worried 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 National Westminster Bank giving us the mortgage now?
  • I plan on buying a flat based in Tooting Bec. My offer is conditional upon a lease extension. The owner’s lawyers has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender HSBC Bank. Moreover, which are the following lease extension steps to complete the purchase?
  • I have a share of the freehold. There are three flats in the building. All the leaseholders are now seeking lease extensions. How long will take to get a lease extension?
  • My conveyancing practitioners (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?
  • I am hoping to extend the lease on my three bed flat in Tooting Bec I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I am in need of some help with a lease extension. I live in Edinburgh but the flat in question is based in Tooting Bec. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • My brother is concerned about obtaining a lease extension from tricky freeholder. Regardless of the fact that the legal procedures were followed under the 1993 Act, the landlord still attempted to get ground rent of £200 increasing by 100% every 25 years of the new term. Can you help?
  • My and my partner know that others in the same building previously had a lease extension, and the freeholder seemed amenable. It therefore appears worth taking risk of not having formal survey and calculate the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?
  • Do you handle lease extensions on land? (a plot of land in Tooting Bec with 82yrs remaining)
  • I have a lease of 63 years remaining on my flat in Tooting Bec. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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