North West London Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to North West London Lease Extensions
I plan on buying a flat based in North West London. The offer is subject to the lease extension. The flat owner’s solicitors has served 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 Bank of Ireland. Moreover, which are the following lease extension steps to complete the purchase?
I own a leasehold apartment in North West London. I have built a big extension and have not informed my freeholder. What are my options?
I am concerned that my daughter might have had the wool pulled over her eyes. She submitted an offer on a one bedroom ground floor purpose built maisonette in North West London, where the lease is just over sixety nine years but she was told by the selling agents that the owner had extended it to 125 years. She has now been told the owner was holding off for her to instruct solicitors ahead of instigating the lease extension. Sounds odd to me, also it could take a while to sort it all out. Am I being too sceptical?
My mortgage provider requires several hundred pounds for their solicitors for a "deed of substituted security" for the lease extension for my flat in North West London... I can find no reference of this in my mortgage contract... is this a standard fee to pay?
My husband and I had entered into buying a garden flat in North West London. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety one years outstanding prior to extension). The description on the listing stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The vendor apparently has a quote but no money to extend as a result the flat owner wants to exchange and use the my deposit to extend the lease. My question is is it not odd that my property lawyers failed to spot this far earlier than just before exchange?
I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
I would like some guidance on purchasing a leasehold residence. We intend to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in North West London area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
My wife and I are concerned about getting a lease extension from tricky freeholder. Notwithstanding that the legal procedures were adhered to under the 1993 Act, the freeholder still tried to charge ground rent of £250 increasing by 100% every 25 years of the new lease. Can you assist?
We know that others in the same block previously had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of not having formal survey and calculate the initial offer on on the premiums paid by others . This would save on double valuation fees. Would you recommend such a course of action?
We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in North West London