Albany Park Lease Extensions: Q and A’s

  • Hi, I just randomly found this site. I'm looking for prices on what it cost to extend a lease of a garden flat based in Albany Park. It's up for sale at the moment but has around 79 years of unexpired leasehold
  • I am looking to purchase a studio flat in Albany Park with a lease of 74 years but not sure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • We are in a building comprising three flats in Albany Park and have been offered to buy the freehold for £5000 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?
  • My wife and I have a ground floor flat in Albany Park with seventy three years left. Last year we were quoted a deal to grant a lease extension for another 25 years but also uplift the ground rent from notional to a little more..plus a premium I think of about 16k. Finally we have decided to go ahead but do we now have to renegotiate?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • Just been over 2 years that I have owned my studio flat in Albany Park. I have seventy eight yrs outstanding on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 425k. 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 Albany Park based or any will do fine?
  • I do not need a lease extension but I do require a vesting order on a property I want to buy in Albany Park. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1895. Its the garden area.
  • Hello I own the freehold title in a 3 bedroom flat in Albany Park. The leaseholder has a 70 year lease and would like to purchase another 90 years. She is offering me £27,000 but I am unsure if this is in the right ballpark
  • I require an estimate to extend my aunt’s lease on a maisonette in Albany Park. She already has a price from the freeholder for a lease extension but I am far from certain if it is too high.
  • I am currently in the process of remortgaging my garden flat in Albany Park and the bank that I am looking to move to needs at least 80 years remaining on the lease in order for them to progress matters. I have discovered that I currently have around seventy three years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process

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