Enfield Town Lease Extensions Example Support Desk Enquiries

  • I purchased a one bedroom apartment in Enfield Town that I now cannot sell as a result of the lease requiring a lease extension. How long will it take ?
  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 899 years balance left so a lease extension is not a concern. 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 the house being ours. Any suggestions would be much appreciated.
  • The intention is to sell our one bedroom apartment in Enfield Town but we may need a lease extension, or at least cover the costs of our purchaser. Can you recommend a conveyancers to handle this?
  • I am considering whether to purchase the freehold or a lease extension of my property in Enfield Town and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with Aldermore to free up equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease began in 1972 and since then the ground rent has increased from £25.00 per year to £200 per year.
  • I will soon view a one bedroom apartment, although not exactly my ideal 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 sixety nine years outstanding on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?
  • My mortgage provider requires a £600 fee for their property lawyers to agree a lease extension for my flat in Enfield Town... I can find no reference of this in my mortgage literature... is this a normal fee to pay?
  • I'm living with my parents but have a one bedroom apartment in Enfield Town let out which has a 75 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 Enfield Town 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 19k. Not sure sure whether to hold on or sell the flat?
  • Coming up to two years that I have been in my three bed flat in Enfield Town. I have sixety two yrs outstanding on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to the tribunal etc)?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the ground flat in Enfield Town. I live in the top flat. I was looking at the land registry documents today when I noticed that my flat has a lease on it. There is 63 years balance left. If I want a lease extension then would I simply be paying for the property lawyers costs?
  • Are you able to provide an estimate to extend my mother’s lease on a garden flat in Enfield Town. She already has a figure from the landlord for a lease extension but I am not sure it is too high.

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