West Ruislip Lease Extension - Your Legal Fees Calculator
West Ruislip Lease Extensions: Q and A’s
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 have been in touch with my freeholder to extend my lease for my flat in West Ruislip. Her conveyancers has been in contact concerning fees etc. I need a quote for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started July 1990.
I am about to view a two bedroom apartment, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 74 years unexpired on the lease. It is also a repo so I'm assuming that the lender will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
My wife and I are considering buying a ground floor flat in West Ruislip which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
We have owned a leasehold flat for about eighteen years. There are 73 years outstanding on the lease. Following a year of difficult negotiations through my lawyers and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would welcome advice.
Coming up to two years that I have owned my garden flat in West Ruislip. I have seventy four yrs unexpired lease on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to the tribunal etc)?
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?
I'm looking at buying a flat in West Ruislip valued at £195,000 the flat has just under fivety four years remaining on the lease. My offer was conditional upon a lease extension... .. that was back in June, hoping I'd be in by now. They have just come back saying they are willing to knock £5k off if I deal with the lease extension myself. I'm unsure if I should take them up on the offer
I am currently negotiating a lease extension for my flat in West 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?
We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my maisonette in West Ruislip