Top Ten Questions relating to Wormwood Scrubs Lease Extensions

  • I acquired a ground floor flat in Wormwood Scrubs. The start date for the lease was in 1991 for 99 years. Now I am wanting for a lease extension. I am not entirely sure about additional expenses, could you tell me please how much I should expect to spend on this?
  • My mortgage lender is requesting several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Wormwood Scrubs... I can find no reference of this in my mortgage booklet... is this a normal fee to pay?
  • Me and my husband are considering purchasing a three bed flat in Wormwood Scrubs which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from extending the lease?
  • My OH and I had entered into a purchase of a garden flat in Wormwood Scrubs. I was assured that the lease had been extended (sixety four years left prior to extension). The description on the listing stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The flat owner apparently has a quote but no money to extend as a result the homeowner wishes to exchange and use the 10% deposit for the lease extension. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?
  • It says on your website the likely fee to extend a lease is £495. Is that the total cost including value added tax and the land registry fee? The premium has already been agreed with the freeholder for the lease extension for my ground floor flat in Wormwood Scrubs
  • Just a quick one, how much does it cost for a lease extension on a residential property in Wormwood Scrubs for a two bed flat - section 42 having been issued?
  • We are in the throws of buying a flat (a two bedroom second floor purpose built maisonette based inWormwood Scrubs with share of freehold). Throughout our search, we were always looking at properties that had at least ninety years balance left. We identified a flat we liked and the estate agent assured that the lease was long albeit not specifying a number. Yesterday our informed us the lease only has seventy one years and therefore requires a lease extension. Should we run away, or do we negotiate our offer?
  • My daughter knows that others in the same block previously had a lease extension, and the landlord seemed amenable. It therefore appears worth taking risk of not having formal valuation and base the initial offer on previous premiums paid . This would save on double valuation charges. Is this advisable?
  • I am currently negotiating a lease extension for my flat in Wormwood Scrubs 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?
  • I'm looking for some advice with regard to a lease extension on my one bedroom apartment in Wormwood Scrubs. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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