Common questions relating to Belgravia Lease Extensions

  • I acquired a one bedroom apartment in Belgravia. The start date for the lease was in 1997 for 99 years. Now I am looking for a lease extension. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?
  • The intention is to sell our one bed flat in Belgravia but we may need to extend the lease, or at least cover the expense of our purchaser. Can you recommend someone to undertake the legal formalities?
  • My neighbours and I are in a building of four flats in Belgravia 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?
  • Last year I purchased a leasehold apartment in Belgravia. I have built a large extension and have not informed my freeholder. What should I do?
  • What will I need to spend and what is the best way to start the lease extension process? I have just under sixety six years outstanding on my lease on a maisonette in Belgravia. I have emailed the agent who act on behalf of the landlord and they gave me the number for the valuer. I have contacted the valuer but I am not getting any returned calls.
  • I intend to buy a one bed flat in Belgravia for asking price of 125k, which has sixety one years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I'm living with my mum and dad but have a studio flat in Belgravia let out which has a 74 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 Belgravia 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 13k. Should I keep or sell the flat?
  • My fiance and I are are hoping to complete on a one bedroom apartment in Belgravia which has share of freehold and a leasehold. The lease was starting to get low so the seller is in the process of extending the lease. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our 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 it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it right that we have to hold on until the new lease is registered?
  • My sister knows that others in the same building previously had a lease extension, and the freeholder was reasonable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation fees. Is this advisable?
  • I'm looking for some advice with regard to a lease extension on my one bedroom ground floor purpose built flat in Belgravia. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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