Frequently asked questions relating to Chorleywood and Rickmansworth Lease Extensions

  • I just completed on a property in Chorleywood and Rickmansworth and it has just over sixety three years remaining. I'd like to extend the lease period
  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has seventy three years left.
  • I am about to view a one bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has seventy nine years balance left on the lease. It is also a repossession so I'm guessing that the lender will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • My mortgage lender is requesting a £500 fee for their property lawyers for a "deed of substituted security" for the lease extension for my flat in Chorleywood and Rickmansworth... I am unable to find any reference of this in my mortgage literature... is this a usual fee to pay?
  • My flat in Chorleywood and Rickmansworth is up for sale and I have a hopefully firm offer. There is 82 years to run on the lease and I want a lease extension. How much does it cost on average to get a lease extension by, say,twenty years
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to buy in Chorleywood and Rickmansworth. The house is freehold but the garden is officially leasehold, 995 year lease from 1895. Its the rear garden.
  • Hi I own the freehold interest in a 3 bedroom flat in Chorleywood and Rickmansworth. The leaseholder has a 65 year lease and would like to purchase further 90 years. He is offering me £21,000 but I am not sure if this is in the right ballpark
  • I am currently negotiating a lease extension for my flat in Chorleywood and Rickmansworth 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?
  • We have a one bedroom apartment in Chorleywood and Rickmansworth with a lease of 69 years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?
  • I'm looking for some advice with regard to a lease extension on my three bed flat in Chorleywood and Rickmansworth. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
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    Lease Extensions in Chorleywood and Rickmansworth

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