Borehamwood and Elstree Lease Extensions: Q and A’s

  • I have just purchased a two bedroom ground floor purpose built flat inBorehamwood and Elstree and I'm deliberating extending the lease as soon as practicable e.g. in 24 months of ownership
  • The terms for the lease on my flat in Borehamwood and Elstree are 99 years from 1 Jan 1989. Can you provide me a quote to extend the lease if I give you more information please?
  • I am looking into the costs of carrying out a lease extension for my three bedroom ground floor purpose built maisonette in Borehamwood and Elstree, and would like some figures on that.
  • I'm looking for an apartment to buy in Borehamwood and Elstree and I'm not really familiar with the leasehold concept. I've identified a ground floor flat I like with a 90 years lease. My research reveals that I can apply for a lease extension having owned the property for 2 years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
  • I am in need of some help with a lease extension. I live in Glasgow but the property in question is based in Borehamwood and Elstree. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Coming up to two years that I have owned my studio flat in Borehamwood and Elstree. I have sixety one years outstanding on the lease. I am now looking either to purchase a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 445k. 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: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
  • Although I do not need a lease extension but I do need a vesting order on a property I want to buy in Borehamwood and Elstree. The house is freehold but the garden is officially leasehold, 1000 year lease from 1889. Its the rear garden.
  • We are purchasing a one bedroom apartment in Borehamwood and Elstree which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced dealing with a lease extension. The seller’s lawyer 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 problem 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 lease title number is not known. Is it correct that we must wait until the new lease is registered?
  • We are hoping to purchase a flat (a one bedroom first floor purpose built flat located inBorehamwood and Elstree with share of freehold). Throughout our search, we were always looking at flats that had a minimum eighty five years outstanding. We identified a apartment we liked and the estate agent promised us that the lease term was not an issue. Today our told us the lease only has seventy years and thus requires a lease extension. Should we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am currently negotiating a lease extension for my flat in Borehamwood and Elstree 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 Borehamwood and Elstree