Wood Green Lease Extension - Your Legal Fees Calculator
Questions and Answers: Wood Green Lease Extensions
My name´s Hugo. I’m property hunting in Wood Green I'm seeing a garden flat online, with about seventy one years unexpired lease, how much does it cost on average to get a lease extension by, say, 25 years?
My co-lessees and I are in a building containing five flats in Wood Green and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
I own a garden flat in Wood Green. I am looking for a lease extension on the property. It is just under 80 years. I would just like to know what your charges are and how long the process takes.
We would like to extend our lease having owned the place for 2 years as of 22nd May 2015. It has around 73 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as is reasonably achievable.
My lawyers (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?
I would like some help on purchasing a leasehold residence. We are going to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Wood Green area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
I am the freeholder of a Georgian property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 63 years. What are my next steps?
If somebody owns a flat with a lease of less than 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?
I am currently negotiating a lease extension for my flat in Wood Green 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 was hoping you might be able to tell me the process of how to apply for a lease extension for my maisonette in Wood Green