Islington Council Lease Extension Solicitors
If you own a flat in Islington, you are legally entitled to extend the term remaining on your lease by a further 90 years. Hetts have handled hundreds of lease extensions in Islington, primarily leases granted by Islington Council.
As Hetts have substantial experience of dealing with Islington Council lease extensions, we have an understanding of the council’s preferred process, in particular their requirement to commence matters through the statutory route (this means serving a section 42 notice on the council to initiate the formal route to a lease extension.
Islington Council Lease Extensions process
- Obtain a lease extension calculation report (£180 inc VAT arranged by Hetts)
- Serve a Section 42 Notice with an offer (£170 + VAT)
- Wait for a counter offer
- Hetts will assist with negotiations to agree the lowest premium possible with Islington Council
- We agree the lease extension documentation with Islington Council, complete the conveyancing and register the extension at the Land Registry £850 + VAT
How many additional years to a lease will Islington give?
Once completion has taken place you will have an additional 90 years on top of the existing lease term with ground rent reduced to nil. It may be possible to agree terms slightly differing to this standard arrangement – Islington Council will negotiate on a case to case basis. For example, if the premium is unaffordable, they will be willing to grant a shorter extension, with some ground rent still payable, this would result in a lower landlord’s premium.
Islington Council lease extension example
Hetts can provide a complete ‘hands-off’ approach for leaseholders from start to finish. One of our clients, who originally came to us through recommendation from a client we previously acted for a lease extension in Islington, instructed Hetts after approaching the council about extending their lease.
As is usual, Islington Council asked the leaseholder to serve the formal section 42 notice in the first instance (a notice that a leaseholder serves on a landlord to formally commence a lease extension). The notice must contain a reasonable offer to the landlord, for the privilege of an additional 90 years on the term, with no further ground rent payable. Hetts arranged the valuation, prepared the notice and dealt with the council’s counter-offer. Hetts entered into negotiations on behalf of the leaseholder with the council, eventually reducing their requested premium to the lowest possible amount. Hetts then dealt with the legal paperwork and transfer of funds to the council. Finally an application to the Land Registry was made to record the new extended term and ground rent changes.
Our Islington Council lease extension reviews
"Ashley managed my lease extension seamlessly, from his initial detailed advice to the successful end. He was always friendly, professional, highly responsive to any questions and made the whole process as stress free as possible. The fees were exactly as initially quoted and very good value, a lot more reasonable than most of the other quotes I received. I can not recommend Hetts enough, and will not hesitate to use them again. Thank you Ashley!"
For more information or a formal quote, please complete our form below and we will be in touch.