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Questions and Answers: Heathrow Lease Extensions
I want to buy a leasehold property and extend the lease. The current owner has been there over 2 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 ?
I am looking for a conveyancing practitioners in Heathrow and they need to be on the Leeds Building Society approved conveyancers panel as we need a lease extension and remortgage simultaneously. Are you able to recommend any please ?
The terms for the lease on my apartment in Heathrow are 99 years from 10 Sep 1990. Please give me a quote to extend the lease if I give you more details please?
I'm looking for a flat to buy in Heathrow and I'm not really familiar with the leasehold tenure. I've identified a place I like with a 90 years lease. I've read that I can apply for a lease extension after a couple of years, but:- Is this a given?
I am a FTB of a leasehold flat in Heathrow. The lease has only sixety six years remaining and ground rent is £75. Is it possible for the vendor to serve the Section 42 Notice and then transfer this right to me as the buyer once I complete the buying process so that I don't have to wait for the two 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 is achievable but will it be very time costly to the seller? To add to the complexity it’s the case of an absent freeholder, so I am not sure how this will play out.
I am a landlord of a block of flats in Heathrow, and the leaseholders are in the process of being issued lease extensions. I should hopefully get funds within a month or so. As I am not on self assessment do I get in touch with HMRC ?
I'm living at mum and dad but have a garden flat in Heathrow let out which has a sixety four 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 Heathrow 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 21k. Not sure sure whether to hold on or sell the flat?
My mother is concerned about obtaining a lease extension from a difficult freeholder. Notwithstanding that the correct procedures were followed under the appropriate legislation, the freeholder still attempted to get ground rent of £200 increasing by 100% every twenty years of the new lease. Can you assist?
I am currently negotiating a lease extension for my flat in Heathrow 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?
I was hoping you might be able to tell me the process of how to apply for a lease extension for my ground floor flat in Heathrow