Frequently asked questions relating to Wormwood Scrubs Lease Extensions

  • I bought a flat in Wormwood Scrubs with a leasehold unexpired around sixety four years and need a lease extension. Please can you clarify the next stages
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Wormwood Scrubs, and my lease will reach 69 years this October. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • We hope to sell our garden flat in Wormwood Scrubs but we may need a lease extension, or at least cover the expense of our buyers. Are you able to help me find someone to help us?
  • I'm thinking of buying a maisonette (leasehold) but the landlord has been missing for slightly more than 15yrs. My question is would it be cheaper to try to buy the freehold or to get a lease extension and apply for right to manage?
  • I am looking to either purchase the freehold or a lease extension of my property in Wormwood Scrubs and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with Lloyds TSB Bank to release of equity. My adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease commenced in 1979 and since then the ground rent has increased from £38.00 per annum to £200 per annum.
  • I have my suspicions that my daughter is being hoodwinked. She put in an offer on a one bedroom ground floor purpose built flat in Wormwood Scrubs, where the lease is just over fivety six years but she was informed by the estate agents that the vendor had extended it to 125 years. Only now has she been advised the owner was waiting for her to retain conveyancers ahead of instigating the lease extension. Seems devious, also it could take time to sort it all out. Am I reading too much into it?
  • I am thinking about buying an auction property and found a one bed flat in Wormwood Scrubs. It only has a 41 year lease..the vendor being mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this other than the expensive fee to extend the lease and decreased chance of obtaining a mortgage with Coventry Building Society?
  • I own the freehold reversion of a property in Wormwood Scrubs where the leaseholder would like a lease extension. Her valuer has suggested a figure of £9,000, but has upped this to £10,000 without too much effort. My valuer has put forward a much higher premium. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to face?
  • I am currently in the process of remortgaging my garden flat in Wormwood Scrubs and the new lender that I am looking to move to needs at least 80 years on the leasehold of my property in order for them to take the mortgage forward. I have found that I currently have around 56 years on the leasehold so looking for some help, guidance, and some quotes to set the wheels in motion for a lease extension
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bedroom second floor purpose built flat in Wormwood Scrubs

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Wormwood Scrubs