Frequently asked questions relating to Notting Hill Lease Extensions

  • We are seeking a lease extension for our two bed flat in Notting Hill and we are confused by the communication that we got from our landlord company. What's your solicitors fee?
  • I am the registered owner of a one bedroom apartment in Notting Hill that I now cannot sell due to the lease needing a lease extension. Can you please help me with this situation ?
  • I own a leasehold flat in the Notting Hill area and was enquiring whether I could obtain a lease extension. What are your processes and charges. There are 61 years outstanding
  • We bought a leasehold with a landlord who has not given us a counter-notice for a lease extension for our flat in Notting Hill and are therefore considering the option of a vesting order. Is this something you can handle for us?
  • I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 60 years. I need a at my end. Can you advise please? I live near Notting Hill and have a mortgage with National Westminster Bank.
  • Coming up to 2 years that I have been in my garden flat in Notting Hill. I have 65 yrs remaining on the lease. I am now looking either to purchase 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: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • I have a freehold of a one bedroom flat in Notting Hill. The leaseholders have fivety nine years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
  • We are are hoping to complete on a ground floor flat in Notting Hill which has share of freehold and a leasehold. The lease was on the short side so the owner is in the process of extending the lease. The seller has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our to do a pre-completion search on the property title. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it right that we have to wait pending registration of the new lease?
  • We know that others in the same block previously had a lease extension, and the freeholder seemed reasonable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on on the prices by others . This would save on double valuation fees. Would you suggest such a course of action?

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