Frequently asked questions relating to Canonbury Lease Extensions

  • I agreed with the freeholder for a lease extension on our flat in Canonbury, 9.5k for a further 90yrs. What's your legal fee ?
  • So this is the scenario: I acquired a garden flat in Canonbury that I am finding difficult to sell as a result of the lease requiring a lease extension. What's your solicitors fee ?
  • I’m just looking for a one bedroom apartment to purchase in the Canonbury area and was interested in finding out how much would it cost to extend a lease? It has 63 years left...
  • I own a property in Canonbury and it has approximately seventy eight years unexpired. I'd like to extend the lease period
  • I'm deliberating over buying a one bedroom apartment (leasehold) but the landlord has been absent for about 15yrs. My query is would it be less expensive to try to acquire the freehold or to get a lease extension and apply for RTM?
  • I own the freehold of a three bedroom flat in Canonbury. The leaseholders have fivety eight years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Canonbury for a three bed flat - section 42 is already served?
  • My husband and I are in the throws of buying a property (a garden flat based inCanonbury with share of freehold). During our search, we were always looking at flats that had a minimum 84 years unexpired. We came across a flat we fell in love with and the estate agent assured that the lease term was not an issue. This morning our lawyers informed us the lease only has 63 years and thus needs a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • 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?
  • We have a studio flat in Canonbury with a lease of 76 years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?
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    Lease Extensions in Canonbury

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