FAQs concerning Worcester Park Lease Extensions

  • My neighbours and I are in a building comprising three flats in Worcester Park and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am about to view a one bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 75 years outstanding on the lease. It is also a repo so I'm assuming that the bank will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • My mortgage provider is requesting a £600 fee for their to agree a lease extension for my flat in Worcester Park... I can find no reference of this in my mortgage booklet... is this a usual charge?
  • I am looking to buy a one bed flat in Worcester Park for asking price of 156k, which has 56 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I am in need of some help with a lease extension. I live in Glasgow but the property in question is based in Worcester Park. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I own the freehold of a one bedroom flat in Worcester Park. The leaseholders have 55 years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
  • I'm looking for some assistance with regard to a lease extension on my maisonette. The intention is to do this next June as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Do I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
  • I am currently negotiating a lease extension for my flat in Worcester Park 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 ground floor flat in Worcester Park
  • We have a one bed flat in Worcester Park with a lease of fivety eight years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?

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