Walton on the Hill Lease Extensions: Q and A’s

  • I have just bought a garden flat based inWalton on the Hill and I'm deliberating extending the lease as soon as I can e.g. after 24 months of ownership
  • Do you only handle lease extensions in Walton on the Hill? I own a flat in Abbey Wood with 90 years unexpired lease, I am looking for a quote from a property lawyers.
  • We hope to sell our three bedroom first floor purpose built maisonette in Walton on the Hill but we may require a lease extension, or at least cover the costs of our buyers. Are you able to suggest a solicitors to undertake the legal formalities?
  • We bought a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Walton on the Hill and are therefore deliberating the option of a vesting order. Is this something you can help us with?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Walton on the Hill and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously refinance with Leeds Building Society to release of equity. My adviser handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease commenced in 1981 and since then the ground rent has been raised from £15.00 per year to £200 per year.
  • I will soon view a two bedroom maisonette, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has seventy six years remaining on the lease. It is also a repo so I'm guessing that the bank will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • I would like some guidance on purchasing a leasehold residence. We are going to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Walton on the Hill area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • I'm living with my mother and father but have a ground floor flat in Walton on the Hill let out which has a 63 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 Walton on the Hill 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 19k. Not sure sure whether to hold on or sell the flat?
  • It says on your website the likely fee for dealing with a lease extension is £495. Is that the total cost including value added tax and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my studio flat in Walton on the Hill
  • I am currently in the process of refinancing my one bed flat in Walton on the Hill and the mortgage company that I am looking to move to requires at least 80 years remaining on the lease in order for them to progress matters. I have found that I currently have around seventy three years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process
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    Lease Extensions in Walton on the Hill

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