Questions and Answers: Southgate Lease Extensions

  • Me and my partner have just purchased a 2 bed flat based inSouthgate and I'm considering extending the lease as soon as I can e.g. in two years
  • My name´s Evan. I’m house hunting in Southgate I'm seeing a ground floor flat online, with just under 76 years unexpired lease, how much does it cost on average to extend in this area by, say, 35 years?
  • I inherited a property in Southgate and it has circa 57 years outstanding. I'd like to arrange a lease extension by twenty years
  • Regarding a residence in Southgate. lower maisonette. sixety yrs left. I have an agreed lease extension to £14k for 115yrs. Freeholder also insisted on Initial Notice which I think should not be required. Can you assist.
  • We are considering purchasing a garden flat in Southgate which is a leasehold. I am wondering what are the pros and cons 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 the freeholder of a Victorian property split into two flats. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy one years. What are my next steps?
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • Me and my wife are purchasing a studio flat in Southgate which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced dealing with a lease extension. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our lawyers to do a pre-completion search on the lease. The concern here is that as a lease extension has been submitted we've been told by our conveyancers it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it right that we must hold on until the new lease is registered?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Southgate
  • I have a lease of 60 years remaining on my flat in Southgate. 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?
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    Lease Extensions in Southgate

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