Common questions relating to White City Lease Extensions

  • My wife and I have just purchased a 2 bed flat based inWhite City and I'm thinking about a lease extension as soon as I can e.g. after two years
  • I'm thinking of purchasing a ground floor flat (leasehold) but the landlord has been absent for slightly less than 15yrs. I wonder whether it will be less expensive to try to acquire the reversionary title or to get a lease extension and apply for right to manage?
  • My neighbours and I are in a building containing three flats in White City and have been offered to buy the freehold for 5k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am looking into the costs of carrying out a lease extension for my studio flat in White City, and would like some figures on that.
  • I'm looking for an apartment to buy in White City and I'm not really familiar with the leasehold concept. I've identified a ground floor flat I like with a 82 years lease. My research reveals that I can go for a lease extension having owned the property for 2 years, but:- Should I anticipate any issue with my proposed mortgage lender National Westminster Bank?
  • Are you able to advise on how much it would cost and the optimum way to start the lease extension process? I have about 75 years left and I own a studio flat in White City.
  • My mortgage provider is requesting a £600 fee for their conveyancing practitioners to approve the lease extension deed for my flat in White City... I am unable to find any mention of this in my mortgage literature... is this a normal cost that they charge?
  • My nephew has a share of freehold, with two other leaseholders in a building in White City. House split into three flats. He has a lease, which has slightly less than 69 yrs left. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I am the freeholder of a Georgian property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 71 years. What are my next steps?
  • I am currently negotiating a lease extension for my flat in White City 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?

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