Questions and Answers: Boxmoor Lease Extensions

  • I’m just looking for a studio flat to purchase in the Boxmoor area and was curious how much would it cost to extend a lease? It has 76 years residual lease term...
  • I'm intending to make an offer on a house in Boxmoor 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 Virgin Money giving us the mortgage now?
  • I own a maisonnette and the freehold title. The owners of the downstairs flat have asked for a lease extension what do I need to do?
  • The terms for the lease on my flat in Boxmoor are 101 years from 15 Sep 1988. Can you supply me me a quote for a lease extension if I give you more details please?
  • I am a first time buyer of a leasehold flat in Boxmoor. The lease has just seventy eight years outstanding and ground rent is £50. Is it possible for the homeowner to serve the Initial Notice and then assign over the right to me as the purchaser 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 may be possible but will it be very time consuming to the current owner? To add to the complexity it’s the case of an missing landlord, so I am not sure how this will play out.
  • I am the owner of a purpose-built apartment based in a large block in Boxmoor. The leasehold interest in the flat on a 101 year lease started on 11th October 1980 with a set ground rent of £25 per annum. I would like to obtain a lease extension. Can I talk with someone to discuss my options please?
  • Just been over 2 years that I have been in my garden flat in Boxmoor. I have seventy nine yrs unexpired lease on the lease. I am now wanting to purchase a share of freehold or a lease extension. I purchased the property for 350K, 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: Is there a benefit in getting a Boxmoor based or any will do fine?
  • 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 extending the lease?
  • I note that your website states the likely fee to extend a lease is £495. Is that the total cost including vat and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my garden flat in Boxmoor
  • I require an estimate to extend my mum’s lease on a ground floor flat in Boxmoor. She recently got a figure from the landlord for a lease extension but I am not sure it is too high.

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