Sample questions relating to Somerstown Lease Extensions

  • I’m just looking for a studio flat to purchase in the Somerstown area and was interested in finding out how much would it cost to extend a lease? It has 70 years residual lease term...
  • The terms for the lease on my flat in Somerstown are 101 years from 14 Feb 1980. Please supply me me a quote to extend the lease if I give you more details please?
  • I'm looking for a flat to buy in Somerstown and I'm not really familiar with the leasehold concept. I've found a two bedroom ground floor purpose built maisonette I like with a 91 years lease. My research reveals that I can go for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with the mortgage?
  • I intend to buy a one bed flat in Somerstown for asking price of 156k, which has 68 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • 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?
  • Me and my sister have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Somerstown. We have a 65 year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • We are in the throws of buying a flat (a studio flat inSomerstown with share of freehold). During our search, we were always looking at flats that had a minimum 84 years unexpired. We identified a apartment we fell in love with and the estate agent assured that the lease term was not an issue. Today our informed us the lease only has sixety three years and therefore needs a lease extension. Should 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'm hoping for some assistance concerning extending the lease on my flat. I'll be looking to do this in nine months time as we must move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Can you recommend a good with expertise in lease extensions. Ideally based in Somerstown?
  • We currently own a ground floor flat in Somerstown and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 72 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?
  • We have a garden flat in Somerstown with a lease of 56 years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?

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