Boreham Lease Extensions

Boreham Lease Extensions: Q and A’s

I am looking at investing in a holiday home but it has a lease that expires in fifteen years. Its in Boreham - I wanted to see if with your services it is possible for this to be extended?

I am interested in getting a lease extension for a flat in Boreham and want to use a local . Is there a that you can recommend?

I'm planning to make an offer on a house in Boreham but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Coventry Building Society giving us the mortgage now?

I have contacted my freeholder for a lease extension for my flat in Boreham. Her has been in contact regarding charges etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started April 199.

I'm looking for a flat to buy in Boreham and I'm not really familiar with the leasehold title. I've found a one bed flat I like with a 91 years lease. I've read that I can get a lease extension after 2 years, but:- Should I be looking at some conditions that would prevent me for getting a lease extension?

I am a first time buyer of a leasehold flat in Boreham. The lease has only 66 years unexpired and ground rent is £50. Is it possible for the owner to serve the Notice of Claim and then assign over the right to me as the buyer on the day of completion so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the flat owner? To add to the complexity it’s the case of an absent freeholder, so I am not sure how this will play out.

My son has a share of freehold, with two other leaseholders in a building in Boreham. House split into three apartments. He has a lease, which has around fivety nine yrs remaining. How much would it cost for a lease extension and how many years would he need to extend by?

Just been over 2 years that I have owned my studio flat in Boreham. I have 76 yrs remaining on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?

If a leaseholder 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 Boreham 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?

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