Top Ten Questions relating to North Wembley Lease Extensions

  • I am looking for a lease extension on the lease on my garden flat in North Wembley which will have seventy five years left in November. What fees apply?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in North Wembley, and my lease will reach 61 years this April. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I am going to purchase a flat located in North Wembley. My offer is subject to the lease extension. The flat owner’s has given to the freeholder the Notice of Claim. 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 Chelsea Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • My neighbours and I are in a block comprising five flats in North Wembley and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Me and my OH have owned a leasehold flat for around eighteen years. It now has 59 years unexpired lease on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would appreciate advice.
  • I'm looking at buying an apartment in North Wembley valued at £210,000 the flat has just under 68 years remaining on the lease. My offer was conditional upon a lease extension... .. that was back in November, hoping I'd have moved in before Christmas. They have just informed me they'll knock £3k off if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • Just a quick one, how much is the premium payable for a lease extension on a residential property in North Wembley for a one bed flat - sec 42 having been issued?
  • We are in the throws of buying a property (a one bedroom ground floor purpose built maisonette based inNorth Wembley with share of freehold). During our search, we were always looking at apartments that had at least 84 years residual lease term. We found a flat we fell in love with and the estate agent promised us that the lease was long albeit not specifying a number. Today our told us the lease only has 70 years and therefore needs a lease extension. Should we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I own the freehold reversion of a property in North Wembley and a leaseholder would like a lease extension. Her valuer has given a figure of £8,000, but has upped this by £2,000 without too much effort. My surveyor has suggested a much higher premium. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what fee would I be likely to incur?
  • My colleague is concerned about obtaining a lease extension from tricky landlord. Even though the legal procedures were followed under the 1993 Act, the landlord still tried to get ground rent of £300 increasing by 100% every twenty five years of the new lease. Can you assist?

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