Sample questions relating to Croxley Green Lease Extensions

  • I am looking for a lease extension on the lease on my ground floor flat in Croxley Green which will have 55 years unexpired lease in August. What fees apply?
  • I want to purchase a leasehold property and extend the lease. The seller has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • The intention is to sell our ground floor flat in Croxley Green but we may need to extend the lease, or possibly cover the costs of our purchaser. Are you able to suggest a conveyancing practitioners to undertake the legal formalities?
  • I am about to view a two bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 75 years balance left on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • My mortgage provider requires a £450 fee for their property lawyers for a "deed of substituted security" for the lease extension for my flat in Croxley Green... I can find no mention of this in my mortgage contract... is this a usual fee to pay?
  • I own a share of the freehold. There are five apartments in the building. All the leaseholders are now looking for lease extensions. What are the timescales to grant a lease extension?
  • I am looking to buy a one bed flat in Croxley Green for asking price of 145k, which has 67 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • If a leaseholder owns a flat with a lease of under 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'm intent on purchasing an apartment in Croxley Green valued at £256,000 the flat has just under 59 years unexpired on the lease. I put in an offer subject to a lease extension... .. that was back in June, hoping I'd be in by now. The seller has just informed the agent they'll reduce the price by£8k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • Me and my wife are hoping to acquire a property (a garden flat inCroxley Green with share of freehold). During our search, we were always looking at properties that had a minimum eighty five years left. We came across a place we fell in love with and the selling agent promised us that the lease term was not an issue. Today our conveyancing practitioners told us the lease only has 59 years and thus needs a lease extension. Should we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
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    Lease Extensions in Croxley Green

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