Questions and Answers: Clerkenwell Lease Extensions

  • My partner has an apartment in Clerkenwell which we are about to put on the market. The leasehold has roughly seventy years unexpired on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Thank you.
  • I bought a property in Clerkenwell and it has nearon 75 years unexpired. I'd like to extend the lease period
  • Hello. I need someone to review my lease extension ahead of it being signed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few small amendments.
  • I'm deliberating over buying a garden flat (leasehold) but the landlord has been absent for around 15yrs. My query is would it be cheaper to try to purchase the reversionary title or to extend lease and apply for right to manage?
  • I'm looking for an apartment to purchase in Clerkenwell and I'm not really familiar with the leasehold tenure. I've identified a place I like with a 90 years lease. I've read that I can go for a lease extension having owned the property for 2 years, but:- Is this a given?
  • I will soon view a one bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has fivety five years balance left on the lease. It is also a repo so I'm guessing that the lender will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?
  • My husband and I have a residential flat in Clerkenwell with sixety three years remaining. Last year we were quoted a deal to have a lease extension for a further 25 years but also increase ground rent from notional to a little more..plus a premium I think of approximately 14k. Finally we have decided to move forward but do we now have to start the negotiations again?
  • I am hoping to extend the lease on my three bed flat in Clerkenwell I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm living with my mum and dad but have a one bed flat in Clerkenwell let out which has a 66 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Clerkenwell for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?
  • Hi I own the freehold title in a 3 bedroom flat in Clerkenwell. The leaseholder has a 69 year lease and would like to purchase another 125 years. She is offering me £27,000 but I am unsure if this is too low an offer

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