Frequently asked questions relating to Potters Bar Lease Extensions

  • I have contacted my freeholder to extend my lease for my flat in Potters Bar. Her has been in contact with fees etc. I need a quote for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started October 1986.
  • I am going to purchase a flat based in Potters Bar. My offer is conditional upon a lease extension. The vendor’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Alliance & Leicester . Moreover, which are the following lease extension steps to complete the purchase?
  • I am looking into the costs of carrying out a lease extension for my garden flat in Potters Bar, and would like some figures on that.
  • I am considering purchasing an auction property and came upon a studio flat in Potters Bar. It only has a 41 year lease..the current owner as mortgagees in possession dont want to mess around with applying for a lease extension..what are the disadvantages of this other than the expensive fee to extend the lease and decreased chance of getting a mortgage with Platform Home Loans Ltd?
  • We are considering buying a garden flat in Potters Bar which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what occurs when lease ends, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
  • 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 commence the process, is this correct?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to buy in Potters Bar. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1854. Its the garden area.
  • I own the freehold of a 2 bedroom flat in Potters Bar. The leaseholders have fivety four years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Potters Bar for a three bed flat - section 42 is already in place?
  • Do you handle lease extensions on land? (a plot of land in Potters Bar with 82yrs remaining)

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Potters Bar