Lease Extensions in Marylebone

Frequently asked questions relating to Marylebone Lease Extensions

35k agreed with the landlord’s agents, just trying to find a Marylebone for a lease extension. Our flat has around 73 yearsoutstanding. Can you please help us with this situation ?

I bought a flat in Marylebone with a leasehold unexpired nearon sixety six years and need a lease extension. Please can you clarify the next steps

I want to acquire a leasehold property and lease extension. 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 ?

We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 798 years balance left so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any feedback would be much appreciated.

I am thinking about acquiring an auction property and came upon a one bed flat in Marylebone. It only has a 48 year lease..the seller as mortgagees in possession will not want to mess around with seeking a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and reduced chance of obtaining a mortgage with Coventry Building Society?

I would like some help on purchasing a leasehold residence. We are going to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Marylebone area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?

Coming up to two years that I have owned my garden flat in Marylebone. I have sixety eight yrs remaining on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?

I am the freeholder of a property in Marylebone and a leaseholder has requested a lease extension. Her valuer has provided a figure of £8,000, but has upped this to £10,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what costs would I be likely to face?

I am currently negotiating a lease extension for my flat in Marylebone 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'm looking for some advice with regard to a lease extension on my garden flat in Marylebone. I'll be looking to do this sometime next year as we need to move at some point 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. Can you recommend a good who specialises in lease extensions?

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