Questions and Answers: West Ewell Lease Extensions

  • I'm about to make an offer on a house in West Ewell but I'm a little worried 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 The Mortgage Works giving us the mortgage now?
  • I have a lease of 71 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I have contacted my freeholder to extend my lease for my flat in West Ewell. Her has been in contact with costs etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started July 1990.
  • I am a FTB of a leasehold flat in West Ewell. The lease has only 68 years balance left and ground rent is £25. Is it possible for the flat owner to serve the Notice of Claim and then transfer over the right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the owner? To add to the complexity the freeholder can not be found, so I am not sure how this will play out.
  • I am a freeholder of a block of flats in West Ewell, and the lessees are in the process of being given lease extensions. I should hopefully get funds within a month or so. As I am not on self assessment do I contact the Inland Revenue ?
  • Ref a leasehold in West Ewell. lower maisonette. 74 yrs left. I have negotiated a lease extension price of £12,000 for 135yrs. Freeholder also insisted on Initial Notice which I think should not be required. Advice required.
  • I am looking to extend the lease on my studio flat in West Ewell I am looking for help to verify the premium. I have a price from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm living with my parents but have a two bedroom first floor purpose built flat in West Ewell let out which has a 66 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 Ewell 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?
  • If a leaseholder 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 require an estimate to extend my mother’s lease on a maisonette in West Ewell. She recently got a price from the freeholder for a lease extension but I am unclear whether it is too expensive.

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