Common questions relating to Northwood Lease Extensions

  • I'm planning to make an offer on a house in Northwood but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Accord Mortgages Ltd giving us the mortgage now?
  • I own a maisonnette together with the freehold of both flats. My upstairs neighbours have asked for a lease extension what do I need to do?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Northwood, and my lease will reach 73 years this November. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • The terms for the lease on my flat in Northwood are 101 years from 1 Jan 1990. Please supply me me a quote to extend the lease if I give you more specifics please?
  • I am a FTB of a leasehold flat in Northwood. The lease has just 78 years unexpired and ground rent is £50. Is it possible for the owner to serve the Notice of Claim and then assign this right to me as the buyer once I complete the buying process so that I don't have to wait for the 2 year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the current owner? Unfortunately it’s the case of an missing landlord, so I am not sure how this will play out.
  • Regarding a property in Northwood. GFF maisonette. seventy nine yrs unexpired. I have negotiated a lease extension price of £20k for 115yrs. Landlord also insisted on Section 42 Notice which I think is a bit over the top. Advice required.
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • Coming up to two years that I have been in my studio flat in Northwood. I have 68 years left on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Northwood based or any will do fine?
  • I'm hoping for some assistance concerning extending the lease on my maisonette. I'll be looking to do this next summer as we must 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. Do I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
  • We know that others in the same building previously had a lease extension, and the landlord seemed amenable. Therefore is seems worth taking risk of not having formal valuation and base the initial offer on on the premiums paid by others . This would save on double valuation fees. Is this advisable?

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