Questions and Answers: Islington Lease Extensions

  • My name´s Kai. I’m property hunting in Islington I'm thinking about offering on a maisonette online, with about 65 years left, how much does it cost on average to extend in this area by, say, fifty years?
  • Hello, I just randomly found your website. I'm seeking prices on what a lease extension will cost for a garden flat in Islington. It's on sale at the moment but has nearly fivety four years left on the lease
  • I am about to put an offer in on a garden flat in Islington with a lease of 71 years but not sure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I am the registered owner of a 2 bed flat in Islington. The start date for the lease was in 1997 for 99 years. Now I am looking to extend the lease. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
  • Ref a leasehold in Islington. lower maisonette. seventy nine yrs unexpired. I have an agreed lease extension to £14k for 125yrs. Landlord also insisted on Initial Notice which I think is a bit over the top. Advice required.
  • I am the owner of a purpose-built flat based in a large development in Islington. The leasehold interest in the apartment on a 99 year lease which commenced on 2nd November 1980 with a non-reviewable yearly rent of 20. I would like to obtain a lease extension. Can I talk with someone to go through my options please?
  • I would like some advice on leasehold property buying. We intend to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Islington area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • We are in the throws of buying a property (a garden flat inIslington with share of freehold). Throughout our search, we were always looking at properties that had a minimum ninety years balance left. We identified a apartment we liked and the estate agent promised us that the lease term was not an issue. Yesterday our told us the lease only has 63 years and thus needs a lease extension. Do we walk away, or should we reduce our offer?
  • I have seventy six years remaining on my lease of a ground floor flat in Islington, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable

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