Frequently asked questions relating to Northwood Lease Extensions

  • I'm about to make an offer on a house in Northwood but I'm a little worried 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 Coventry Building Society giving us the mortgage now?
  • I invested in buying a two bedroom second floor purpose built maisonette in Northwood with a leasehold unexpired of 68 years. I am curious about how much it will cost me to extend my lease
  • I will soon view a two bedroom flat, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has fivety eight years unexpired on the lease. It is also a repossession so I'm assuming that the bank will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
  • Regarding a residence in Northwood. GFF maisonette. fivety four yrs remaining. I have an agreed lease extension to £14k for 135yrs. Landlord also requested Section 42 Notice which I think should not be required. Advice required.
  • My husband and I have a ground floor flat in Northwood with 59 years remaining. Ten months ago we were quoted a deal to receive a lease extension for another fifty years but also increase ground rent from notional to a little more..plus a premium I think of about 16k. Finally we have decided to move forward but do we now have to renegotiate?
  • We have a one bedroom flat in Northwood. There is eighty years remaining on the lease and we want a lease extension. What does it cost on average to get a lease extension by, say,45 years
  • I'm living with my mother and father but have a three bedroom second floor purpose built maisonette in Northwood let out which has a 62 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Northwood for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Not sure sure whether to hold on or sell the flat?
  • My and my partner are worried about obtaining a lease extension from an objectionable freeholder. Regardless of the fact that the correct procedures were adhered to under the 1993 Act, the freeholder still tried to charge ground rent of £250 increasing by 100% every twenty years of the new lease. Can you help?
  • I am planning on refinancing my maisonette in Northwood and the bank that I am looking to switch to requires a minimum 80 years remaining on the lease in order for them to take the mortgage forward. I have discovered that I currently have around fivety five years on the leasehold so require some help, guidance, and some quotes to start the lease extension process
  • I have 70 years remaining on my lease of a ground floor flat in Northwood, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable

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