Potters Bar Lease Extensions: Q and A’s

  • I want to acquire a leasehold property and lease extension. The vendor has been there for three years and will assign 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 looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 67 years balance left.
  • I am looking for a in Potters Bar and they should be on the Nottingham Building Society approved conveyancers panel as we need a lease extension and refinance simultaneously. Can you recommend any please ?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am going to purchase a flat based in Potters Bar. The offer is conditional upon a lease extension. The owner’s has served the Notice of Claim. 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 Lloyds TSB Bank. 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 three bed flat in Potters Bar, and would like some figures on that.
  • I'm looking at purchasing a flat in Potters Bar at a price of £195,000 the flat has just under 72 years remaining on the lease. My offer was conditional upon the lease being renewed... .. that was back in August, hoping I'd be in before now. The owner has just come back saying they'll knock £3k off if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • I am the registered freeholder of a couple of flats. Someone has the lease on the lower flat in Potters Bar. I occupy in the upper flat. I was reviewing the title deeds today when I noticed that my flat has a lease on it. There is sixety nine years left. Can one do a lease extension without retaining a ?
  • My wife and I are worried about obtaining a lease extension from tricky landlord. Regardless of the fact that the correct procedures were followed under the 1993 Act, the landlord still tried to charge ground rent of £250 increasing by 100% every 25 years of the new lease. Can you assist?
  • I have a lease of 60 years remaining on my flat in Potters Bar. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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