Examples of recent questions relating to Lease Extensions in Upper Tooting

  • So this is the scenario: I own a one bedroom second floor purpose built maisonette in Upper Tooting that I am now unable to sell due to the lease needing a lease extension. Are you willing to help me with this situation ?
  • We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 899 years left so a lease extension is not a worry. 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 correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any information would be much appreciated.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Upper Tooting, and my lease will reach sixety three years this August. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Upper Tooting and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously refinance with Birmingham Midshires to free up equity. My adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease started in 1981 and since then the ground rent has increased from £38.00 per annum to £300 per annum.
  • I am about to view a one bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has sixety nine years balance left on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?
  • I would like to know how much it would cost and the best way to start the lease extension process? I have roughly 68 years outstanding and I own a ground floor flat in Upper Tooting.
  • We would like to extend our lease having owned the place for two years as of 6th March 2015. It has around 79 years remaining currently. Hoping to get a lease extension by another 90 years as quickly and stress free as possible.
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • I have fivety six years remaining on my lease of a ground floor flat in Upper Tooting, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

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