Recently asked questions relating to North Acton Lease Extensions

  • My partner and I have just completed on a garden flat inNorth Acton and I'm deliberating extending the lease as soon as I can e.g. after two years
  • I have an interest in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leaseholders want a lease extension and I'm curious about the procedure for this
  • We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 899 years unexpired so a lease extension is not required. 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 owning the property. Any information would be much appreciated.
  • I am going to purchase a flat in North Acton. My offer is conditional upon a lease extension. The homeowner’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Barclays Direct. Moreover, which are the following lease extension steps to complete the purchase?
  • I own a one bedroom second floor purpose built flat in North Acton. I am looking for a lease extension on the property. It is just over 80 years. I would just like to know what your charges are and how long the process takes.
  • I'm looking for an apartment to purchase in North Acton and I'm not really familiar with the leasehold title. I've identified a place I like with a 91 years lease. I've read that I can go for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with the mortgage?
  • We wish to extend our lease. We will have been in the apartment for 2 years as of 22nd Jan 2016. It has roughly 69 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • Hello I am the freeholder title in a 3 bedroom flat in North Acton. The leaseholder has a fivety six year lease and would like to purchase an additional 125 years. He is offering me £21,000 but I am not sure if this is in the right ballpark
  • Me and my fiance are hoping to purchase a flat (a one bed flat based inNorth Acton with share of freehold). During our search, we were always looking at apartments that had at least 84 years unexpired. We found a place we fell in love with and the selling agent promised us that the lease term was not an issue. This morning our advised us the lease only has sixety five years and therefore requires a lease extension. Do we walk away, or do we negotiate our offer?
  • I am currently negotiating a lease extension for my flat in North Acton 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?

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