Sample questions relating to Tufnell Park Lease Extensions

  • I am looking for a lease extension on the lease on my maisonette in Tufnell Park which will have sixety one years outstanding in January. What fees are applicable?
  • I am looking for a in Tufnell Park and they should be on the Godiva Mortgages Ltd approved conveyancers panel as we need a lease extension and remortgage at the same time. Are you able to recommend a ?
  • I'm looking for an apartment to buy in Tufnell Park and I'm not really familiar with the leasehold arrangement. I've identified a studio flat I like with a 82 years lease. My research reveals that I can get a lease extension after a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Yorkshire Building Society?
  • I will soon view a two bedroom maisonette, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has sixety years residual lease term on the lease. It is also a repo so I'm assuming that the bank will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?
  • We are considering purchasing a garden flat in Tufnell Park which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from extending the lease?
  • We are looking to extend our lease having owned the flat for two years as of 21st May 2015. It has around 59 years remaining currently. Hoping to get a lease extension by another 90 years as expeditiously and stress free as possible.
  • Me and my wife are proceeding with buying a studio flat in Tufnell Park. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety one years remaining prior to extension). The description on the listing stated "sold with a long lease". It turns out at the point of exchange of contracts we find that the lease has not been extended. The seller apparently has a quote but no finances to extend and consequently the flat owner intends to exchange and use the deposit monies to extend the lease. My question is is it not odd that my didn't spot this far earlier than just before exchange?
  • I'm living at parents but have a 2 bed flat in Tufnell Park let out which has a 79 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 Tufnell Park 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. Should I keep or sell the flat?
  • I am currently negotiating a lease extension for my flat in Tufnell Park 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?
  • I have a lease of 72 years remaining on my flat in Tufnell Park. 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?

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