Top Ten Questions relating to Kings Langley Lease Extensions

  • 40k agreed with the landlord, just seeking to find a Kings Langley for a lease extension. Our flat has around 70 yearsleft. Can you please help us with this situation ?
  • I bought a flat in Kings Langley with a leasehold unexpired around seventy six years and need to extend it. Please can you clarify the next stages
  • Are you able to advise on the likely expense and the optimum way to start the lease extension process? I have circa 66 years left and I own a garden flat in Kings Langley.
  • My mortgage lender requires a £600 fee for their to agree a lease extension for my flat in Kings Langley... I can find no reference of this in my mortgage booklet... is this a usual fee to pay?
  • We have a ground floor flat in Kings Langley with 74 years to run. Last year we were quoted a deal to grant a lease extension for a further fifty years but also increase ground rent from nominal to a little more..plus a premium I think of about 10k. Finally we have decided to proceed but do we now have to start the negotiations again?
  • Offer accepted on a a garden flat in Kings Langley, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as 82 years.We are about to exchange contracts within a week. My query is how is possible that the estate agent got it so wrong?
  • I'm living at parents but have a one bedroom apartment in Kings Langley let out which has a 76 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Kings Langley for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Not sure sure whether to hold on or sell the flat?
  • I know that others in the same building previously had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of avoiding a formal valuation and calculate the initial offer on previous prices . This would save on double valuation fees. Is this advisable?
  • I require an estimate to extend my aunt’s lease on a one bedroom first floor purpose built flat in Kings Langley. She already has a price from the freeholder for a lease extension but I am far from certain if it is reasonable.
  • I have a lease of 57 years remaining on my flat in Kings Langley. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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