Enfield Lock Lease Extensions: Q and A’s

  • I’m just looking for a one bedroom apartment to purchase in the Enfield Lock area and was interested in finding out what the likely fees would be for a lease extension? It has seventy two years remaining...
  • I have contacted my freeholder to extend my lease for my flat in Enfield Lock. Her has been in contact with charges etc. I need a quote for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started July 1986.
  • I am looking into the costs of carrying out a lease extension for my one bedroom apartment in Enfield Lock, and would like some figures on that.
  • Is it possible to talk with you about a flat in Enfield Lock, I am considering buying at auction next week. The flat only has a few years remaining and I wanted to inquire about what it would cost to get a lease extension and for your services.
  • I am looking to either purchase the freehold or a lease extension of my property in Enfield Lock and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Virgin Money to free up equity. The adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease commenced in 1991 and since then the ground rent has increased from £15.00 per year to £100 per year.
  • In 2012 I purchased a leasehold apartment in Enfield Lock. I have built a big extension and have not informed my leaseholder. What should I do?
  • We have a residential flat in Enfield Lock with 54 years remaining. Last year we were quoted a deal to grant a lease extension for another 25 years but also increase ground rent from notional to £250 per year..plus a premium I think of approximately 14k. Finally we have decided to proceed but do we now have to renegotiate?
  • I am in need of some help with a lease extension. I live in Edinburgh but the property in question is based in Enfield Lock. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Just been over 2 years that I have owned my ground floor flat in Enfield Lock. I have 64 years remaining on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my 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 goes to LVT)?
  • I am currently negotiating a lease extension for my flat in Enfield Lock 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?

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