Tulse Hill Lease Extensions: Q and A’s

  • I have shares in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leasehold owners want to extend their leases and I'm curious about the the process
  • I am about to put an offer in on a one bed flat in Tulse Hill with a lease of 71 years but unsure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am going to purchase a flat based in Tulse Hill. My offer is conditional upon a lease extension. The owner’s has served the Section 42 Notice. 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 Barclays Direct. Moreover, which are the following lease extension steps to complete the purchase?
  • My leasehold flat in Tulse Hill is up for sale and I have a hopefully firm offer. There is 82 years unexpired on the lease and I want a lease extension. How much does it cost on average to get a lease extension by, say,35 years
  • My husband and I are proceeding with buying a 2 bed flat in Tulse Hill. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety nine years unexpired lease prior to extension). The description on the listing stated "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 vendor supposedly has a quote but no funds to extend as a result the flat owner intends to exchange and use the my deposit to extend the lease. My question is how is possible that the estate agent got it so wrong?
  • My wife and I have been in discussion with our freeholder after having a valuation on our studio flat in Tulse Hill. We have a sixety nine year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I have 59 years remaining on my lease of a ground floor flat in Tulse Hill, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • I am currently negotiating a lease extension for my flat in Tulse Hill as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my three bedroom second floor purpose built maisonette in Tulse Hill

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