Common questions relating to Ruislip Lease Extensions

  • We are seeking a lease extension for our two bed flat based in Ruislip and we are confused by the communication that we got from our freehold company. What's your legal fee?
  • I am the registered owner of a garden flat in Ruislip that I am now unable to sell as a result of the lease needing a lease extension. Can you please help me with this situation ?
  • I need to extend my current lease can you assist? I think it has 71 years left
  • I am going to purchase a flat based in Ruislip. My offer is conditional upon a lease extension. The current owner’s has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Chelsea Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I am looking at bidding for an auction property and found a studio flat in Ruislip. It only has a 41 year lease..the current owner being mortgagees in possession will not want to mess around with negotiating a lease extension..what are the drawbacks of this other than the huge fee to extend the lease and reduced chance of getting a mortgage with Bank of Ireland?
  • We wish to extend our lease having owned the place for two years as of 22nd May 2015. It has around 79 years remaining currently. Hoping to get a lease extension by another 90 years as quickly and stress free as is reasonably achievable.
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to purchase in Ruislip. The house is freehold but the garden is officially leasehold, 1000 year lease from 1895. Its the rear garden.
  • If somebody owns a flat with a lease of less than 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'm looking at acquiring an apartment in Ruislip valued at £256,000 the flat has approaching fivety nine years unexpired on the lease. I put in an offer subject to a lease extension... .. that was back in August, hoping I'd be in before now. They have just informed me that they are prepared to knock £4k off if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • I am currently negotiating a lease extension for my flat in Ruislip 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 Ruislip