Borehamwood Lease Extensions: Q and A’s

  • Hi, I stumbled across your site. I'm seeking prices on what a lease extension will cost for a garden flat in Borehamwood. It's on sale at the moment but has roughly 67 years outstanding on the lease
  • I invested in buying a property in Borehamwood and it has nearon 60 years left. I'd like to arrange a lease extension by twenty years
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am about to view a one bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 63 years left on the lease. It is also a repo so I'm assuming that the vendor will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?
  • My OH and I are considering buying a two bedroom first floor purpose built flat in Borehamwood which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
  • Me and my partner have owned a leasehold flat for around eighteen years. There are 73 years outstanding on the lease. After a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to LVT and would appreciate advice.
  • It says on your website the likely fee to extend a lease is £495. Is that the all inclusive cost including value added tax and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my studio flat in Borehamwood
  • Me and my wife are buying a maisonette in Borehamwood 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 seller has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our to do a "priority search" on the property title. 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 wait until the new lease is registered?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the garden flat in Borehamwood. I live in the upper flat. I was looking at the land registry documents yesterday when I noticed that my flat is leasehold. There is sixety five years balance left. Is it possible to do a lease extension without instructing a ?
  • We currently own a one bedroom apartment in Borehamwood and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has fivety seven years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?

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