South Tottenham Lease Extensions

South Tottenham Lease Extensions: Q and A’s

I am looking for a lease extension on the lease on my ground floor flat in South Tottenham which will have seventy three years left in August. What fees apply?

I acquired a two bedroom first floor purpose built maisonette located in South Tottenham with a leasehold unexpired of 78 years. I am wondering about how much it will cost me to extend my lease term

The intention is to sell our studio flat in South Tottenham but we may need a lease extension, or possibly cover the expense of our buyers. Are you able to suggest a property lawyers to assist?

I'm planning on purchasing a one bedroom ground floor purpose built maisonette (leasehold) but the landlord has been absent for roughly 15yrs. My query is would it be less expensive to try to acquire the reversionary title or to extend lease and apply for right to manage?

I am thinking about whether to purchase the freehold or a lease extension of my property in South Tottenham and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously get a new mortgage with Clydesdale to release of equity. The broker dealing with the remortgage suggested I get two quotes : one to extend the lease and one for the freehold acquisition .The lease began in 1981 and since then the ground rent has increased from £25.00 per year to £125 per annum.

I am concerned that my niece might be having the wool pulled over her eyes. She submitted an offer on a ground floor flat in South Tottenham, where the lease is nearon seventy five years but she was told by the selling agents that the homeowner had extended it to 99 years. She has now been informed the seller was waiting for her to instruct conveyancers prior to commencing with the lease extension. Seems unscrupulous, also it will take time to sort it all out. Am I reading too much into it?

My partner and I are considering purchasing a one bedroom apartment in South Tottenham which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from extending the lease?

Just a quick one, how much is the premium payable for a lease extension on a residential property in South Tottenham for a one bed flat - section 42 is already served?

My brother and I are in the throws of buying a home (a three bedroom second floor purpose built flat based inSouth Tottenham with share of freehold). Throughout our search, we were always looking at apartments that had at least 84 years residual lease term. We found a apartment we liked and the estate agent promised us that the lease was long albeit not specifying a number. This morning our lawyers advised us the lease only has 63 years and therefore requires a lease extension. Do we run 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?

We know that others in the same block previously had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on previous premiums paid . This would save on double valuation fees. Is this advisable?

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