Recently asked questions relating to Swiss Cottage Lease Extensions

  • I’m about to offer on a one bedroom ground floor purpose built flat to purchase in the Swiss Cottage area and was after more information on how much would it cost for a lease extension? It has fivety six years remaining...
  • I'm about to make an offer on a house in Swiss Cottage but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Virgin Money giving us the mortgage now?
  • I am looking to buy a three bedroom first floor purpose built flat in Swiss Cottage with a lease of 75 years but have no idea how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I purchased a garden flat in Swiss Cottage. The lease commenced in 2001 for 99 years. Now I am looking 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?
  • Possibly made an error, I am searching for a in Swiss Cottage who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can assist me with?
  • I am a first time buyer of a leasehold flat in Swiss Cottage. The lease has just 66 years residual lease term and ground rent is £25. Is it possible for the owner to serve the Notice of Claim and then transfer over the right to me as the purchaser once I complete the buying process so that I can avoid waiting 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 vendor? Unfortunately the freeholder is absent, so I am not sure how this will play out.
  • I'm living with my parents but have a studio flat in Swiss Cottage let out which has a 73 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 19k. Not sure sure whether to hold on or sell the flat?
  • I'm looking at buying a flat in Swiss Cottage valued at £256,000 the flat has something like seventy seven years unexpired on the lease. My offer was conditional upon the lease being renewed... .. that was back in November, hoping I'd have moved in before now. They have just come back saying that they are prepared to knock £4k off if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • Do you handle lease extensions on land? (a plot of land in Swiss Cottage with 82yrs remaining)
  • I have a lease of 59 years remaining on my flat in Swiss Cottage. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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