Finsbury Lease Extensions

Finsbury Lease Extensions: Q and A’s

I acquired a flat in Finsbury with a leasehold unexpired nearon seventy six years and need to extend it. Please can you clarify the next stages

I have got a leasehold flat in the Finsbury area and was enquiring if I could get a lease extension. What are your processes and fees. Has 72 years residual lease term

I plan on buying a flat in Finsbury. The offer is subject to the lease extension. The flat owner’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Platform Home Loans Ltd. Moreover, which are the following lease extension steps to complete the purchase?

The intention is to sell our 2 bed flat in Finsbury but we may require a lease extension, or possibly cover the expense of our purchaser. Can you recommend a to assist?

I acquired a garden flat in Finsbury. I am looking to extend lease on the property. It is about eighty years. I would just like to know what your charges are and how long the process takes.

I am a first time buyer of a leasehold flat in Finsbury. The lease has just 59 years remaining and ground rent is £95. Is it possible for the vendor to serve the Initial Notice and then assign over the right to me as the buyer once I complete the buying process so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the seller? Unfortunately it’s the case of an missing landlord, so I am not sure how this will play out.

I am looking at purchasing an auction property and came upon a two bed flat in Finsbury. It only has a fifty year lease..the current owner being mortgagees in possession dont want to mess around with seeking a lease extension..what are the drawbacks of this other than the costly fee to extend the lease and reduced chance of getting a mortgage with Chelsea Building Society?

Regarding a leasehold in Finsbury. GFF maisonette. 66 yrs remaining. I have negotiated a lease extension price of £14k for 125yrs. Landlord also requested Section 42 Notice which I think should not be required. Can you assist.

I am planning to extend the lease on my ground floor flat in Finsbury I am looking for a local company to calculate the premium. I have a quote from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.

I'm looking at purchasing a flat in Finsbury at a price of £256,000 the flat has approaching 67 years remaining on the lease. I put in an offer subject to the lease being renewed... .. that was back in November, hoping I'd be in by now. The owner has just come back saying that they are prepared to reduce the price by£7k if they don't have to deal with the lease extension. I'm unsure whether that's a good idea

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