London Colney Lease Extensions

Sample questions relating to London Colney Lease Extensions

So this is the scenario: I invested in buying a 2 bed flat in London Colney that I am now unable to sell due to the lease requiring a lease extension. What's your solicitors fee ?

I have a lease of 64 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

I inherited a one bed flat in London Colney. I am looking to extend lease on the property. It is approaching eighty one years. I would just like to know what your charges are and how long the process takes.

I'm looking for a flat to purchase in London Colney and I'm not really familiar with the leasehold concept. I've identified a garden flat I like with a 82 years lease. I've read that I can apply for a lease extension after 2 years, but:- Is this a given?

We have a first floor flat in London Colney with 63 years to run. Ten months ago we were quoted a deal to grant a lease extension for a further 25 years but also uplift the ground rent from notional to £200 per annum..plus a premium I think of approximately 9k. We have now decided to proceed but do we now have to start the negotiations again?

We have a GFF located in London Colney. There is eighty years remaining on the lease and we want a lease extension. How much does it cost on average to extend in this area by, say,fifty years

My nephew has a share of freehold, with two other leaseholders in a building in London Colney. House divided into three apartments. He has a lease, which has around 76 yrs left. How much would it cost for a lease extension and how many years would he need to extend by?

If somebody 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 doing it?

My wife and I are aware that others in the same block previously had a lease extension, and the landlord seemed amenable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on previous premiums paid . This would save on double valuation charges. Would you suggest such a course of action?

I was hoping you might be able to tell me the process of how to apply for a lease extension for my ground floor flat in London Colney

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