Top Ten Questions relating to Woodford Green Lease Extensions

  • I want to purchase a leasehold property and extend the lease. The flat owner has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • The terms for the lease on my flat in Woodford Green are 95 years from 14 Jan 1988. Please give me a quote for a lease extension if I give you more details please?
  • Offer accepted on a a garden flat in Woodford Green, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer come through which states the lease as eighty years.We are about to exchange contracts within a week. My question is Have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 56 years. I need a at my end. Can you advise please? I live near Woodford Green and have a mortgage with Coventry Building Society.
  • Coming up to 2 years that I have been in my one bedroom apartment in Woodford Green. I have 77 years outstanding on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Woodford Green based or any will do fine?
  • We are in the throws of buying a flat (a three bedroom ground floor purpose built flat based inWoodford Green with share of freehold). During our search, we were always looking at flats that had at least 83 years remaining. We identified a apartment we liked and the estate agent promised us that the lease was long albeit not specifying a number. This morning our told us the lease only has 58 years and thus needs a lease extension. Should we run away, or should 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?
  • I own the freehold reversion of a property in Woodford Green where the leaseholder would like a lease extension. Her valuer has provided a figure of £9,000, but has increased this by £2,000 at the drop of a hat. My surveyor has recommended a much higher amount. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what fee would I be likely to incur?
  • My brother is worried about getting a lease extension from tricky freeholder. Regardless of the fact that the correct procedures were adhered to under the 1993 Act, the landlord still attempted to charge ground rent of £200 doubling every twenty five years of the new lease. Can you assist?
  • My wife and I are aware that others in the same block previously had a lease extension, and the landlord was reasonable. It therefore appears worth taking risk of not having formal valuation and calculate the initial offer on previous prices . This would save on double valuation charges. Would you suggest this course of action?
  • Do you handle lease extensions on land? (a plot of land in Woodford Green with 82yrs remaining)

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