Sample questions relating to South Tottenham Lease Extensions

  • I agreed with the head landlord to a lease extension on our flat based in South Tottenham, 16.5k for an additional 90yrs. What's your legal fee ?
  • I’m about to offer on a garden flat to purchase in the South Tottenham area and was wondering what the likely fees would be to extend a lease? It has fivety eight years outstanding...
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 798 years unexpired so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any advice would be much appreciated.
  • I need to talk to you about an apartment in South Tottenham, I am thinking of buying at auction next month. The flat has a short lease and I am curious about how much it would cost to get a lease extension and for your services.
  • I am a first time buyer of a leasehold flat in South Tottenham. The lease has only 61 years unexpired and ground rent is £75. Is it possible for the owner to serve the Initial Notice and then transfer this right to me as the buyer once I complete the buying process so that I don't have to wait for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the homeowner? Unfortunately it’s the case of an missing freeholder, so I am not sure how does it work.
  • I am considering purchasing an auction property and came upon a two bed flat in South Tottenham. It has just 48 year lease..the vendor being mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the disadvantages of this other than the expensive fee to extend the lease and reduced chance of getting a mortgage with Bank of Ireland?
  • Re a leasehold in South Tottenham. lower maisonette. seventy two yrs left. I have an agreed lease extension to £20k for 115yrs. Freeholder also insisted on Notice of Claim which I think is a bit over the top. Advice required.
  • We would like to extend our lease having owned the property for 2 years as of 22nd April 2015. It has slightly less than 69 years remaining currently. Hoping to get a lease extension by another 90 years as quickly and stress free as is reasonably achievable.
  • I'm living at parents but have a 2 bed flat in South Tottenham let out which has a 54 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 South Tottenham 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. Should I keep or sell the flat?
  • I am currently negotiating a lease extension for my flat in South Tottenham 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?

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