Lease Extensions in Northolt

FAQs concerning Northolt Lease Extensions

I want to buy a leasehold property and lease extension. The flat owner has been there over two years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

I bought a garden flat based in Northolt with a leasehold unexpired of 64 years. I am curious about what I will need to spend to extend my lease

This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?

I plan on buying a flat based in Northolt. The offer is conditional upon a lease extension. The 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 The Royal Bank of Scotland. Moreover, which are the following lease extension steps to complete the purchase?

We bought a leasehold with a freeholder who has failed to give us a counter-notice for a lease extension for our flat in Northolt and looking to do a vesting order. Is this something you can do for us?

I am looking to either purchase the freehold or a lease extension of my property in Northolt and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with Platform Home Loans Ltd to release of equity. The broker handling the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease commenced in 1981 and since then the ground rent has increased from £38.00 per year to £125 per annum.

I am looking at bidding for an auction property and came upon a studio flat in Northolt. It has just 41 year lease..the vendor as mortgagees in possession will not want to mess around with negotiating a lease extension..what are the disadvantages of this except for the costly fee to extend the lease and reduced chance of obtaining a mortgage with Norwich and Peterborough Building Society?

We would like to know the cost of a lease extension valuation for a property based in Northolt. Is this something you can assist us with?

My colleague is aware that others in the same block previously had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of not having formal valuation and calculate the initial offer on previous prices . This would save on double valuation fees. Is this advisable?

Do you handle lease extensions on land? (a plot of land in Northolt with 82yrs remaining)

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