Common questions relating to Turnham Green Lease Extensions

  • Me and my wife have just acquired a garden flat based inTurnham Green and I'm thinking about a lease extension as soon as possible e.g. in two years
  • So this is the scenario: I invested in buying a three bed apartment in Turnham Green that I am finding difficult to sell as a result of the lease needing a lease extension. Can you please help me with this situation ?
  • The terms for the lease on my apartment in Turnham Green are 95 years from 14 Jan 1980. Please provide me a quote for a lease extension if I give you more details please?
  • I would like to know the likely financials and the best way to start the lease extension process? I have around 68 years unexpired lease and I own a ground floor flat in Turnham Green.
  • I am concerned that my niece might be having the wool pulled over her eyes. She submitted an offer on a one bedroom second floor purpose built maisonette in Turnham Green, where the lease is circa 61 years but she was informed by the estate agents that the seller had extended it to 125 years. She has now been told the seller was holding off for her to appoint lawyers ahead of instigating the lease extension. Seems odd to me, also it may take months to sort it all out. Am I reading too much into it?
  • I am a landlord of a block of flats in Turnham Green, and the lessees are in the process of being given lease extensions. I should hopefully get funds next month. Are there any tax implications, the property is co-owned with my partner ?
  • I am the freeholder of a 1930’s property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current fivety seven years. What are my next steps?
  • 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 doing it?
  • We are hoping to purchase a home (a one bed flat based inTurnham Green with share of freehold). During our search, we were always looking at flats that had at least 83 years left on the lease. We identified a place we liked and the selling agent promised us that the lease was long albeit not specifying a number. Yesterday our advised us the lease only has sixety five years and therefore requires a lease extension. Should we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • My wife and I are aware that others in the same building had already had a lease extension, and the freeholder seemed amenable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?

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