FAQs concerning Chorleywood Lease Extensions

  • So this is the scenario: I purchased a maisonette in Chorleywood that I am now unable to sell due to the lease requiring a lease extension. How long will it take ?
  • I am considering investing in a holiday home but it has a lease that expires in 14 years. Its in Chorleywood - I wanted to see if with your services it is possible for this to be extended?
  • I have a lease of seventy two years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • 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 a freeholder of a block of flats in Chorleywood, and the lessees are in the process of being issued lease extensions. I anticipate receiving funds within a month or so. Are there any tax implications, the property is in joint names with my wife ?
  • My fiance and I are considering purchasing a garden flat in Chorleywood which is a leasehold. I am enquiring as to the advantages and disadvantages 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?
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around sixety five years. I need a at my end. Can you advise please? I live near Chorleywood and have a mortgage with Godiva Mortgages Ltd.
  • If somebody owns a flat with a lease of under 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?
  • It says on your website the anticipated fee to extend a lease is £495. Is that the all inclusive cost including value added tax and the land registry fee? The price has already been agreed with the freeholder for the lease extension for my one bedroom apartment in Chorleywood
  • Just a quick one, how much are the legal fees for a lease extension on a residential property in Chorleywood for a two bed flat - section 42 is already in place?

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