FAQs concerning Palmers Green Lease Extensions

  • Hello, I just randomly found this site. I'm seeking prices on what it cost to extend a lease of a studio flat in Palmers Green. It's on sale at the moment but has nearon 63 years unexpired lease on the lease
  • My wife has a flat based in Palmers Green which we are about to put on the market. The leasehold has nearly seventy three years remaining on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Thank you.
  • I am considering investing in a holiday home but it has a lease that expires in eighteen years. Its in Palmers Green - I wanted to see if with your services it is possible for this to be extended?
  • We have a ground floor flat in Palmers Green with fivety eight years to run. Last year we were quoted a deal to have a lease extension for a further fifty years but also uplift the ground rent from nominal to a little more..plus a premium I think of about 16k. We have now decided to go ahead but do we now have to start the negotiations again?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • 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 seventy seven years. I need a at my end. Can you advise please? I live near Palmers Green and have a mortgage with Coventry Building Society.
  • I'm living with my mum and dad but have a one bedroom first floor purpose built flat in Palmers Green let out which has a sixety seven year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Palmers Green for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Not sure sure whether to hold on or sell the flat?
  • 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 extending the lease?
  • I am currently negotiating a lease extension for my flat in Palmers Green as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • Do you handle lease extensions on land? (a plot of land in Palmers Green with 82yrs remaining)

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