FAQs concerning New Covent Garden Lease Extensions

  • My partner has an apartment located in New Covent Garden which we have just put on the market. The leasehold has around 66 years remaining on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Thank you.
  • I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has fivety five years unexpired
  • Possibly made an error, I am actually looking for a in New Covent Garden who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can help me with?
  • I am looking to either purchase the freehold or a lease extension of my property in New Covent Garden and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously refinance with Barclays to free up equity. My broker handling the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease started in 1981 and since then the ground rent has been raised from £38.00 per year to £300 per year.
  • I am looking to buy a one bed flat in New Covent Garden for asking price of 156k, which has 66 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 (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My partner and I have been in discussion with our freeholder after having a valuation on our ground floor flat in New Covent Garden. We have a 65 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I own the freehold reversion of a property in New Covent Garden where the leaseholder has requested a lease extension. Her valuer has suggested a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. 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 charges would I be likely to face?
  • I'm seeking some assistance with regard to extending the lease on my apartment. I'll be looking to do this sometime next year as we have 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. Do 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?
  • I require an estimate to extend my mother’s lease on a one bedroom apartment in New Covent Garden. She recently got a figure from the landlord for a lease extension but I am not sure it is too high.

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