Neasden Lease Extensions

Recently asked questions relating to Neasden Lease Extensions

I'm looking for a flat to purchase in Neasden and I'm not really familiar with the leasehold tenure. I've found a maisonette I like with a 90 years lease. My research reveals that I can go for a lease extension after 2 years, but:- Is this a given?

I am a first time buyer of a leasehold flat in Neasden. The lease has just 74 years remaining and ground rent is £25. Is it possible for the vendor to serve the Section 42 Notice and then transfer over the right to me as the buyer 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 costly to the vendor? To add to the complexity it’s the case of an absent landlord, so I am not sure how this will play out.

My husband and I have a one bedroom flat based in Neasden. There is 81 years to run on the lease and we want a lease extension. What does it cost on average to get a lease extension by, say,thirty years

My partner and I had entered into buying a one bed flat in Neasden. I was advised by the EA that the lease extension had already been completed while on a viewing (seventy eight years left prior to extension). The description on the listing stated "sold with a long lease". It transpires at the point of exchange of contracts we find that the lease has not been extended. The current owner apparently has a quote but no finances to extend and consequently the vendor wants to exchange and use the 10% deposit to extend the lease. My question is why has this only just been brought to my attention by my ?

I am looking to buy a one bed flat in Neasden for asking price of 125k, which has 62 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 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?

My brother has a share of freehold, with two other leaseholders in a building in Neasden. House converted into three flats. He has a lease, which has around sixety four yrs left. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?

If a leaseholder owns a flat with a lease of less than 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?

It says on your website the likely fee to extend a lease is £495. Is that the total cost including vat and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my garden flat in Neasden

My and my partner are concerned about obtaining a lease extension from a difficult freeholder. Notwithstanding that the correct procedures were adhered to under the appropriate legislation, the landlord still tried to charge ground rent of £300 doubling every twenty years of the new lease. Can you assist?

My and my partner know that others in the same building had already had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation fees. Is this advisable?

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