Paddington Lease Extensions

Top Ten Questions relating to Paddington Lease Extensions

I want to buy a leasehold property and extend the lease. The seller has been there over 2 years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

Do you only undertake lease extensions in Paddington? I own a flat in Abbey Wood with 90 years left, I am looking for a quote from a .

I am the owner of a maisonnette together with the freehold. My upstairs neighbours have asked to extend the lease what do I need to do?

I am the registered owner of a garden flat in Paddington. The lease started in 1998 for 99 years. Now I am wanting for a lease extension. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?

I am thinking about purchasing an auction property and identified a two bed flat in Paddington. It only has a fifty year lease..the seller being mortgagees in possession dont want the aggravation of applying for a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and reduced chance of getting a mortgage with Lloyds TSB Bank?

We would like to know the cost of a lease extension valuation for a property based in Paddington. Would you be able to help?

I am in need of some help with a lease extension. I live in Edinburgh but the flat in question is based in Paddington. I would be grateful if you can give me a call when you get a chance to discuss the case.

Coming up to 2 years that I have been in my two bedroom first floor purpose built maisonette in Paddington. I have 73 yrs remaining on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 450k. 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: Is there a benefit in getting a Paddington based or any will do fine?

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?

My daughter is worried about getting a lease extension from a difficult landlord. Notwithstanding that the correct procedures were followed under the 1993 Act, the landlord still tried to charge ground rent of £250 increasing by 100% every 25 years of the new term. Can you assist?

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