Recently asked questions relating to Northwick Park Lease Extensions

  • I have shares in the freehold of 2 blocks of flats comprising of seven flats each. Two of the leaseholders want a lease extension and I'm curious about the procedure for this
  • I'm planning on buying a ground floor flat (leasehold) but the landlord has been absent for nearon 15yrs. My question is would it be less expensive to try to buy the freehold or to extend lease and apply for right to manage?
  • We have a leasehold flat in Northwick Park with sixety three years unexpired. Ten months ago we were quoted a deal to receive a lease extension for a further 25 years but also uplift the ground rent from nominal to £250 per year..plus a premium I think of about 9k. Finally we have decided to move forward but do we now have to renegotiate?
  • I am looking to buy a one bed flat in Northwick Park for asking price of 156k, which has fivety four 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 surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I am hoping to extend the lease on my garden flat in Northwick Park I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • Me and my husband have been in discussion with our freeholder after having a valuation on our maisonette in Northwick Park. We have a seventy one year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that she 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 our behalf.
  • I'm looking at acquiring a flat in Northwick Park valued at £256,000 the flat has approximately seventy three years left on the lease. I put in an offer conditional upon the lease being renewed... .. that was back in June, expecting I'd have moved in before Christmas. The seller has just informed me they are willing to reduce the price by£7k if I deal with the lease extension myself. 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 Northwick Park for a three bed flat - section 42 having been issued?
  • I'm seeking some assistance with regard to a lease extension on my apartment. The plan is to do this in six months time 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 LVT route. You are able to recommend a good who specialises in lease extensions. Ideally based in Northwick Park?
  • I am currently negotiating a lease extension for my flat in Northwick Park 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?

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