FAQs concerning Enfield Town Lease Extensions

  • I want to purchase a leasehold property and extend the lease. The current owner has been there for three years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • My neighbours and I are in a block comprising three flats in Enfield Town and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I'm looking for an apartment to buy in Enfield Town and I'm not really familiar with the leasehold concept. I've found a 2 bed flat I like with a 82 years lease. I've read that I can apply for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Norwich and Peterborough Building Society?
  • My leasehold flat in Enfield Town is up for sale and I have a hopefully firm offer. There is eighty one years remaining on the lease and I want to extend the lease. What does it cost on average to extend in this location by, say,45 years
  • I intend to buy a one bed flat in Enfield Town for asking price of 145k, which has 62 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I would like some help on purchasing a leasehold residence. We plan to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Enfield Town area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • I am looking to extend the lease on my garden flat in Enfield Town 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.
  • Just been over two years that I have owned my one bedroom apartment in Enfield Town. I have 79 yrs outstanding on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 425k. 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: In terms of surveyors - how do I go about finding one?
  • I require an estimate to extend my mother’s lease on a three bedroom second floor purpose built flat in Enfield Town. She recently got a price from the landlord for a lease extension but I am unclear whether it is reasonable.
  • I am planning on refinancing my studio flat in Enfield Town and the bank that I am looking to move to needs a minimum 80 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around sixety eight years on the leasehold so require some help, guidance, and some quotes to start the lease extension process

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