FAQs concerning West Hill Lease Extensions

  • I'm about to make an offer on a house in West Hill 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 Britannia giving us the mortgage now?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in West Hill, and my lease will reach sixety six years this January. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I'm deliberating over buying a one bedroom apartment (leasehold) but the freeholder has been absent for roughly 15yrs. My question is would it be less expensive to try to acquire the freehold or to get a lease extension and apply for right to manage?
  • I bought a ground floor flat in West Hill. I am looking for a lease extension on the property. It is nearly 80 years. I would just like to know what your charges are and how long it would take for completion.
  • I have my suspicions that my niece is being hoodwinked. She put in an offer on a studio flat in West Hill, where the lease is circa fivety seven years but she was advised by the estate agents that the homeowner had extended it to 99 years. Only now has she been informed the homeowner was holding off for her to instruct solicitors ahead of instigating the lease extension. Seems underhand, also it may take months to sort it all out. Am I reading too much into it?
  • My mortgage lender is requesting several hundred pounds for their to approve the lease extension deed for my flat in West Hill... I can find no mention of this in my mortgage contract... is this a normal charge?
  • We have a leasehold flat in West Hill with 74 years unexpired. Ten months ago we were quoted a deal to receive a lease extension for a further thirty years but also increase ground rent from nominal to £300 per year..plus a premium I think of about 16k. We have now decided to go ahead but do we now have to start the negotiations again?
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around seventy eight years. I need a at my end. Can you advise please? I live near West Hill and have a mortgage with Barclays Direct.
  • I am the freeholder of a Edwardian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy six years. What are my next steps?
  • I am currently negotiating a lease extension for my flat in West Hill 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 West Hill