Northwood Lease Extension - Your Legal Fees Calculator
Common questions relating to Northwood Lease Extensions
I am about to put an offer in on a garden flat in Northwood with a lease of 63 years but not sure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
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 am going to purchase a flat located in Northwood. My offer is subject to the lease extension. The owner’s conveyancing practitioners 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 Virgin Money. Moreover, which are the following lease extension steps to complete the purchase?
My co-lessees and I are in a building comprising four flats in Northwood and have been offered to buy the freehold for 8k 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?
Is it possible to talk with you about a flat in Northwood, I am thinking of bidding at auction next month. The flat only has a few years outstanding and I was wondering about what it would cost to get a lease extension and for your services.
I am a first time buyer of a leasehold flat in Northwood. The lease has just 77 years balance left and ground rent is £25. Is it possible for the current 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 can avoid waiting 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 legal but will it be very time consuming to the seller? To add to the complexity the freeholder can not be found, so I am not sure how this will play out.
I am looking to buy a one bed flat in Northwood for asking price of 125k, which has 57 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
My fiance and I would like to know the cost of a lease extension valuation for a property based in Northwood. Is this something you can help us with?
We are in the throws of buying a home (a ground floor flat based inNorthwood with share of freehold). Throughout our search, we were always looking at properties that had a minimum ninety years residual lease term. We identified a apartment we liked and the estate agent assured that the lease was long albeit not specifying a number. Today our solicitors informed us the lease only has 66 years and thus needs a lease extension. Do we run away, or should we reduce our offer?
I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom ground floor purpose built maisonette in Northwood