Questions and Answers: Old Windsor Lease Extensions

  • I purchased a flat in Old Windsor with a leasehold unexpired just over seventy nine years and need a lease extension. Please can you clarify the next steps
  • I have shares in the freehold of buildings comprising of 8 flats each. Two of the leaseholders want a lease extension and I'm curious about the procedure for this
  • I need to negotiate a lease extension for a flat in Old Windsor and want to use a local . Is there a that you can recommend?
  • I am a first time buyer of a leasehold flat in Old Windsor. The lease has only 63 years left and ground rent is £50. Is it possible for the current owner to serve the Initial Notice and then transfer over the right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year qualifying 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 homeowner? Unfortunately it’s the case of an missing landlord, so I am not sure how does it work.
  • We would like to extend our lease having owned the place for two years as of 13th May 2015. It has approximately 73 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as is reasonably achievable.
  • Me and my OH would like to know the cost of a lease extension valuation for a property based in Old Windsor. Would you be able to help?
  • I'm living at parents but have a three bedroom first floor purpose built flat in Old Windsor let out which has a 70 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 Old Windsor 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 13k. Not sure sure whether to hold on or sell the flat?
  • Coming up to two years that I have been in my 2 bed flat in Old Windsor. I have 72 years remaining on the lease. I am now wanting to purchase a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 445k. 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: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?
  • I'm looking for some assistance with regard to a lease extension on my apartment. I'll be looking to do this next autumn 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. 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?
  • I am currently negotiating a lease extension for my flat in Old Windsor 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 Old Windsor