Hornsey Rise Lease Extensions

Hornsey Rise Lease Extensions: Q and A’s

So this is the scenario: I purchased a three bedroom ground floor purpose built maisonette in Hornsey Rise that I am now unable to sell as a result of the lease requiring a lease extension. How long will it take ?

I am the registered owner of a one bedroom apartment in Hornsey Rise. I am looking for a lease extension on the property. It is around 80 years. I would just like to know what your charges are and how long the process takes.

I own a leasehold apartment in Hornsey Rise. I have built a huge extension and have not informed the freeholder. What should I do?

I am a freeholder of a block of flats in Hornsey Rise, and the leaseholders are in the process of being issued lease extensions. I should hopefully get the money next week. Are there any tax implications, the property is co-owned with my wife ?

We have a leasehold flat in Hornsey Rise with sixety one years remaining. Last year we were quoted a deal to have a lease extension for another thirty years but also uplift the ground rent from notional to £250 per annum..plus a premium I think of approximately 9k. Finally we have decided to proceed but do we now have to renegotiate?

Offer accepted on a a studio flat in Hornsey Rise, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer in writing through the post which states the lease as 85 years.Contracts were due to be exchanged within a week. My question is how is possible that the estate agent got it so wrong?

I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

I am planning to extend the lease on my garden flat in Hornsey Rise 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.

Coming up to two years that I have owned my two bedroom second floor purpose built maisonette in Hornsey Rise. I have 56 yrs unexpired lease on the lease. I am now looking either to purchase a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 445k. 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 legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to LVT)?

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