Paddington Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Paddington Lease Extensions
I’m about to offer on a garden flat to buy in the Paddington area and was wondering how much would it cost to extend a lease? It has 60 years residual lease term...
Hello, I stumbled upon your website. I'm looking for prices on what a lease extension will cost for a maisonette located in Paddington. It's on sale at the moment but has about 67 years left on the lease
I am the owner of a maisonnette and the freehold reversion. The owners of the upstairs flat have asked to extend the lease what do I need to do?
I am looking into the costs of carrying out a lease extension for my one bedroom apartment in Paddington, and would like some figures on that.
Is it possible to talk with you about a flat in Paddington, I am thinking of buying at auction next month. The flat only has a few years outstanding and I wanted to inquire about how much it would cost to get a lease extension and for your services.
We had entered into buying a two bedroom ground floor purpose built maisonette in Paddington. I was advised by the EA that the lease extension had already been completed while on a viewing (fivety seven years left prior to extension). The description on the listing stated "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The flat owner supposedly has a quote but no finances to extend and consequently the homeowner wishes to exchange and use the deposit monies for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
My conveyancing practitioners (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
Just been over two years that I have owned my one bedroom apartment in Paddington. I have sixety two years left on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Paddington based conveyancing practitioners or any will do fine?
It says on your website the likely fee to extend a lease is £495. Is that the total cost excluding value added tax and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my studio flat in Paddington
I am planning on refinancing my garden flat in Paddington and the mortgage company that I am looking to move to requires at least 80 years remaining on the lease in order for them to progress matters. I have found that I currently have around 78 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process