Recently asked questions relating to Mayfair Lease Extensions

  • We agreed with the head landlord to a lease extension on our flat located in Mayfair, 8.5k for another 90yrs. How long will it take ?
  • My partner has a flat in Mayfair which we are about to put on the market. The leasehold has roughly 61 years balance left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Many thanks.
  • I need to negotiate a lease extension for a flat in Mayfair and want to use a local conveyancing practitioners. Are you able to help me find a lawyers?
  • We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 899 years residual lease term so a lease extension is not a worry. 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 twenty years without the house being ours. Any suggestions would be much appreciated.
  • I'm thinking of buying a one bedroom ground floor purpose built maisonette (leasehold) but the landlord has been missing for around 15yrs. I wonder whether it will be less expensive to try to acquire the reversionary title or to extend lease and apply for right to manage?
  • We wish to extend our lease having owned the place for two years as of 13th May 2015. It has slightly less than sixety two years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as possible.
  • I am looking to buy a one bed flat in Mayfair for asking price of 156k, which has sixety eight 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 the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My colleague knows that others in the same block previously had a lease extension, and the landlord seemed reasonable. Therefore is seems worth taking risk of avoiding a formal valuation and calculate the initial offer on on the prices by others . This would save on double valuation charges. Would you recommend this course of action?
  • I have seventy years remaining on my lease of a ground floor flat in Mayfair, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • I'm looking for some advice with regard to a lease extension on my one bedroom second floor purpose built flat in Mayfair. 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. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • Other Topics

    Lease Extensions in Mayfair

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