Questions and Answers: Maida Vale Lease Extensions

  • 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 a first time buyer of a leasehold flat in Maida Vale. The lease has only sixety seven years outstanding and ground rent is £25. Is it possible for the vendor to serve the Section 42 Notice and then assign over the right to me as the purchaser on the day of completion so that I can avoid waiting 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 consuming to the homeowner? Unfortunately the freeholder is absent, so I am not sure how does it work.
  • Offer accepted on a a three bed flat in Maida Vale, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as 85 years.We are soon to exchange contracts in a couple of days. My query is Should I tell the owner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
  • I am looking to buy a one bed flat in Maida Vale for asking price of 145k, which has sixety seven 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 question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I am seeking advice as I am interested in a property that has only a fivety eight year lease and therefore requires a lease extension. Is it possible for me to talk with someone to go through my options please?
  • Although I do not need a lease extension but I do need a vesting order on a property I want to acquire in Maida Vale. The house is freehold but the garden is officially leasehold, 995 year lease from 1889. Its the garden area.
  • I'm hoping for some help concerning a lease extension on my maisonette. The plan is to do this in nine months time 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 tribunal route. Should 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?
  • We currently own a three bed flat in Maida Vale and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy six years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
  • I have 67 years remaining on my lease of a ground floor flat in Maida Vale, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • Do you handle lease extensions on land? (a plot of land in Maida Vale with 82yrs remaining)

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