Common questions relating to Finsbury Park Lease Extensions

  • My partner has an apartment in Finsbury Park which we have just put on the market. The leasehold has nearon 70 years outstanding on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
  • I want to acquire a leasehold property and lease extension. The current owner has been there for four years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • My co-lessees and I are in a block containing four flats in Finsbury Park and have been offered to buy the freehold for 8k 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?
  • My mortgage lender is requesting a £450 fee for their for a "deed of substituted security" for the lease extension for my flat in Finsbury Park... I can find no mention of this in my mortgage guide... is this a standard cost that they charge?
  • My wife and I are considering buying a one bedroom apartment in Finsbury Park which is a leasehold. I am enquiring as to the pros and cons of that - what occurs when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from having a lease extension?
  • My brother and I have owned a leasehold flat for about fifteen years. It now has 59 years unexpired lease on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would welcome advice.
  • We have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Finsbury Park. We have a 77 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • We are hoping to acquire a flat (a ground floor flat inFinsbury Park with share of freehold). Throughout our search, we were always looking at flats that had a minimum 83 years balance left. We identified a apartment we liked and the selling agent promised us that the lease was long albeit not specifying a number. Today our told us the lease only has 60 years and thus requires a lease extension. Should we walk away, or do we negotiate our offer?
  • My and my fiance are concerned about seeking a lease extension from an objectionable freeholder. Even though the correct procedures were adhered to under the 1993 Act, the landlord still tried to charge ground rent of £200 doubling every twenty years of the new term. Can you help?
  • We have a three bedroom ground floor purpose built maisonette in Finsbury Park with a lease of 59 years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?

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