Questions and Answers: Swiss Cottage Lease Extensions

  • I want to buy a leasehold property and extend the lease. The current owner 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 ?
  • I am looking for a in Swiss Cottage and they should be on the Santander approved conveyancers panel as we need a lease extension and refinance simultaneously. Can you recommend a ?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I'm thinking of buying a ground floor flat (leasehold) but the landlord has been missing for approximately 15yrs. I wonder whether it will be less expensive to try to acquire the freehold or to get a lease extension and apply for RTM?
  • I am a landlord of a block of flats in Swiss Cottage, and the tenants are in the process of being issued lease extensions. I anticipate receiving the money next week. As I am not on self assessment do I write to HMRC ?
  • We are considering buying a ground floor flat in Swiss Cottage which is a leasehold. I am wanting to weigh up the pros and cons of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
  • Offer accepted on a a three bedroom first floor purpose built flat in Swiss Cottage, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as 85 years.We are soon to exchange contracts within a week. My query is Have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • I intend to buy a one bed flat in Swiss Cottage for asking price of 125k, which has seventy two years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I am the owner of a purpose-built apartment based in a small block in Swiss Cottage. The leasehold interest in the flat on a ninety five year lease which commenced from 11th November 1980 with a non-reviewable yearly rent of 35. I wish to obtain a lease extension. Is it possible for me to call someone to discuss my options please?
  • I'm living with my parents but have a studio flat in Swiss Cottage let out which has a seventy four 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 Swiss Cottage 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 21k. Not sure sure whether to hold on or sell the flat?

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