Townhill Lease Extensions: Q and A’s

  • I'm intending to make an offer on a house in Townhill 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 Norwich and Peterborough Building Society giving us the mortgage now?
  • Do you only do lease extensions in Townhill? I own a flat in Abbey Wood with 90 years unexpired lease, I am looking for a quote from a .
  • I am looking to buy a garden flat in Townhill with a lease of seventy seven years but not sure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I have contacted my freeholder to extend my lease for my flat in Townhill. Her has been in contact concerning fees etc. I need a quote for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started Septembmer 1985.
  • I will soon view a one bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has fivety five years balance left on the lease. It is also a repo so I'm assuming that the vendor will not be interested in extending the lease. My main concern is would the short lease make it difficult to secure a mortgage?
  • I have my suspicions that my niece might have had the wool pulled over her eyes. She put in an offer on a garden flat in Townhill, where the lease is just over 67 years but she was told by the estate agents that the current owner had extended it to 99 years. She has now been informed the seller was holding off for her to instruct solicitors ahead of instigating the lease extension. Seems underhand, also it may take time to sort it all out. What do you think?
  • Me and my partner are proceeding with buying a three bed flat in Townhill. I was told that the lease had been lengthened (seventy one years remaining prior to extension). The sales particulars said "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The flat owner apparently has a quote but no funds to extend and consequently the current owner wishes to exchange and use the my deposit to extend the lease. My question is is it not odd that my failed to spot this far earlier than just before exchange?
  • Me and my fiance have owned a leasehold flat for around twenty years. There are 75 years remaining on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would appreciate advice.
  • I am the freeholder of a property in Townhill where the leaseholder would like a lease extension. Her so called valuation expert has provided a figure of £9,000, but has increased this by £2,000 without too much effort. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to face?
  • We have a 2 bed flat in Townhill with a lease of seventy five years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?

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