FAQs concerning West Dulwich Lease Extensions

  • My wife has a flat located in West Dulwich which we are about to put on the market. The leasehold has just under seventy five years remaining on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Many thanks.
  • 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 in West Dulwich. My offer is subject to the lease extension. The flat 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 Halifax. Moreover, which are the following lease extension steps to complete the purchase?
  • I own a leasehold flat in West Dulwich. I have built a huge extension and have not informed the freeholder. What are my options?
  • I have my suspicions that my niece is being hoodwinked. She put in an offer on a three bedroom second floor purpose built flat in West Dulwich, where the lease is about 76 years but she was advised by the estate agents that the current owner had extended it to 125 years. She has now been informed the seller was waiting for her to instruct solicitors ahead of instigating the lease extension. Sounds unscrupulous, also it could take a while to sort it all out. Am I reading too much into it?
  • We are proceeding with a purchase of a garden flat in West Dulwich. I was advised by the EA that the lease extension had already been completed while on a viewing (64 years remaining prior to extension). The description on the listing stated "sold with a long lease". It transpires at the point of exchange of contracts we find that the lease has not been extended. The homeowner supposedly has a quote but no finances to extend and consequently the seller wants 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 father has a share of freehold, with two other leaseholders in a building in West Dulwich. House divided into three flats. He has a lease, which has around 67 yrs remaining. How much would it cost for a lease extension and how many years would he need to extend by?
  • I'm living with my mum and dad but have a garden flat in West Dulwich let out which has a 57 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 West Dulwich 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 13k. Not sure sure whether to hold on or sell the flat?
  • I own the freehold reversion of a property in West Dulwich and a leaseholder would like a lease extension. Her valuer has provided a figure of £8,000, but has upped this to £10,000 at the drop of a hat. My surveyor has put forward a much higher figure. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
  • We know that others in the same block had already had a lease extension, and the freeholder seemed amenable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on on the prices by others . This would save on double valuation fees. Would you suggest such a course of action?

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