FAQs concerning Muswell Hill Lease Extensions

  • I’m just looking for a one bed apartment to purchase in the Muswell Hill area and was after more information on how much would it cost for a lease extension? It has sixety two years as a balance left...
  • I want to buy a leasehold property and lease extension. The homeowner has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has seventy four years remaining.
  • 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 own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around sixety six years. I need a at my end. Can you advise please? I live near Muswell Hill and have a mortgage with Santander.
  • We are are hoping to complete on a maisonette in Muswell Hill which has share of freehold and a leasehold. The lease was on the short side so the owner commenced extending the lease. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our to do a pre-completion search on the property title. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it right that we have to be patient until the new lease is registered?
  • We are in the throws of buying a home (a garden flat inMuswell Hill with share of freehold). During our search, we were always looking at flats that had at least eighty five years residual lease term. We found a apartment we fell in love with and the selling agent assured that the lease was long albeit not specifying a number. Today our told us the lease only has 70 years and thus needs a lease extension. Do we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am currently in the process of refinancing my one bedroom second floor purpose built maisonette in Muswell Hill and the next lender that I am looking to switch to needs a minimum 80 years on the leasehold of my property in order for them to take the mortgage forward. I have found that I currently have around sixety one years on the leasehold so looking for some help, guidance, and some quotes to get the wheels in motion for a lease extension
  • I have seventy two years remaining on my lease of a ground floor flat in Muswell Hill, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • We have a one bedroom apartment in Muswell Hill with a lease of seventy eight years left with a value of around £370000 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 Muswell Hill