Sample questions relating to Cockfosters Lease Extensions

  • My name´s Cameron. I’m property hunting in Cockfosters I'm seeing a studio flat online, with about seventy three years remaining, how much does it cost on average to extend in this area by, say, 45 years?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has seventy seven years residual lease term.
  • We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 928 years outstanding so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any guidance would be much appreciated.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Cockfosters, and my lease will reach 62 years this May. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I am about to view a one bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has sixety one years residual lease term on the lease. It is also a repo so I'm guessing that the vendor will not be interested in doing a lease extension. My main concern is would it be difficult to sell on without a lease extension?
  • I am concerned that my daughter is being hoodwinked. She submitted an offer on a ground floor flat in Cockfosters, where the lease is around fivety seven years but she was told by the estate agents that the seller had extended it to 125 years. Only now has she been informed the seller was waiting for her to instruct conveyancers prior to commencing with the lease extension. Seems underhand, also it could take a while to sort it all out. Am I being too sceptical?
  • I am the freeholder of a 1930’s property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety nine years. What are my next steps?
  • Just been over two years that I have been in my three bed flat in Cockfosters. I have fivety five years left on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 425k. 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: In terms of surveyors - how do I go about finding one?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to acquire in Cockfosters. The house is freehold but the garden is officially leasehold, 1000 year lease from 1854. Its the garden area.
  • My wife and I are in the throws of buying a flat (a one bed flat located inCockfosters with share of freehold). Throughout our search, we were always looking at properties that had a minimum 83 years residual lease term. We found a place we fell in love with and the selling agent assured that the lease term was not an issue. Yesterday our solicitors advised us the lease only has 74 years and therefore needs a lease extension. Should 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?
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    Lease Extensions in Cockfosters

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