Sample questions relating to Tottenham Lease Extensions

  • I inherited a flat in Tottenham with a leasehold unexpired just over 68 years and need a lease extension. Please can you clarify the next stages
  • I have shares in the freehold of buildings comprising of six flats each. Two of the leasehold owners want a lease extension and I'm wondering about the the process
  • 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 outstanding so a lease extension is not a worry. 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 correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any suggestions would be much appreciated.
  • 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 partner have owned a leasehold flat for about eighteen years. There are seventy six years outstanding on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would appreciate advice.
  • I'm living at mother and father but have a ground floor flat in Tottenham let out which has a 73 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 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 21k. Not sure sure whether to hold on or sell the flat?
  • We have been in discussion with our freeholder after having a valuation on our garden flat in Tottenham. We have a 54 year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that she 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 the lease extension.
  • I have a flat in Tottenham with 78 years unexpired on the lease. I am looking for a to act for me to achieve a lease extension. Can you help?
  • I own the freehold to two flats. Someone has the lease on the lower flat in Tottenham. I occupy in the upper flat. I was looking at the title deeds today when I noticed that my flat is leasehold. There is sixety five years outstanding. Can one carry out a lease extension without instructing a ?
  • I am currently negotiating a lease extension for my flat in 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?

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