Bounds Green Lease Extensions: Q and A’s

  • I bought a property in Bounds Green and it has nearon sixety two years remaining. I'd like to arrange a lease extension by twenty years
  • I need to extend my existing lease can you assist? I think it has 59 years unexpired
  • I have a leasehold flat in Bounds Green. I have built a big extension and have not informed the freeholder. What should I do?
  • I have my suspicions that my daughter is being hoodwinked. She put in an offer on a one bedroom apartment in Bounds Green, where the lease is roughly 57 years but she was told by the selling agents that the current owner had extended it to 125 years. She has now been told the seller was holding off for her to retain lawyers ahead of instigating the lease extension. Sounds underhand, also it may take months to sort it all out. What do you think?
  • I intend to buy a one bed flat in Bounds Green for asking price of 145k, which has seventy years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • Just been over 2 years that I have been in my maisonette in Bounds Green. I have sixety eight years unexpired lease on the lease. I am now looking either to buy a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?
  • Although I do not need a lease extension but I do need a vesting order on a property I want to buy in Bounds Green. The house is freehold but the garden is officially leasehold, 995 year lease from 1889. Its the rear garden.
  • I note that your website states the anticipated fee for dealing with a lease extension is £495. Is that the total cost including vat and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my garden flat in Bounds Green
  • I am planning on remortgaging my garden flat in Bounds Green and the bank that I am looking to move to needs a minimum 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 seventy three years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process
  • I have a lease of 71 years remaining on my flat in Bounds Green. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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