Canonbury Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Canonbury Lease Extensions
I own a leasehold flat in the Canonbury area and was curious if I could get a lease extension. What are your processes and charges. There are fivety nine years outstanding
I bought a garden flat in Canonbury. The lease commenced in 1997 for 99 years. Now I am looking to extend the lease. I am uncertain about further expenses, could you tell me please how much I should expect to spend on this?
I am considering whether to purchase the freehold or a lease extension of my property in Canonbury and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Birmingham Midshires to release of equity. My broker handling the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease commenced in 1981 and since then the ground rent has been raised from £25.00 per year to £200 per annum.
In 2012 I purchased a leasehold flat in Canonbury. I have built a large extension and have not informed the leaseholder. What are my options?
We are proceeding with a purchase of a ground floor flat in Canonbury. I was assured that the lease had been extended (71 years outstanding prior to extension). The description on the listing said "sold with a long lease". It transpires as we are about to exchange of contracts we find that there has been no lease extension. The vendor supposedly has a quote but no funds to extend as a result the owner wants to exchange and use the deposit monies for the lease extension. My question is how is possible that the estate agent got it so wrong?
My property lawyers (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?
It says on your website the likely fee for dealing with a lease extension is £495. Is that the total cost including vat and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my garden flat in Canonbury
I am currently negotiating a lease extension for my flat in Canonbury 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 was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Canonbury
Do you handle lease extensions on land? (a plot of land in Canonbury with 82yrs remaining)