Common questions relating to Letchworth Garden City Lease Extensions

  • So this is the scenario: I own a studio flat in Letchworth Garden City that I now cannot sell due to the lease needing a lease extension. What's your solicitors fee ?
  • I own a property in Letchworth Garden City and it has slightly more than sixety seven years residual lease term. I'd like to arrange a lease extension by twenty years
  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 798 years outstanding so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any feedback would be much appreciated.
  • We are looking to extend our lease. We will have been in the property for 2 years as of 1st Jan 2016. It has nearon 63 years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as possible.
  • I would like some guidance on purchasing a leasehold residence. We hope to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Letchworth Garden City area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • I am the freeholder of a Victorian property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current fivety four years. What are my next steps?
  • I note that your website states the likely fee to extend a lease is £495. Is that the all inclusive cost excluding 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 Letchworth Garden City
  • Me and my partner are buying a maisonette in Letchworth Garden City which has share of freehold and a leasehold. The lease was on the short side so the owner commenced extending the lease. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our to do OS1 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 property title number has not been issued. Is it right that we must be patient until the new lease is registered?
  • I am currently negotiating a lease extension for my flat in Letchworth Garden City 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?
  • I have a lease of sixety six years remaining on my flat in Letchworth Garden City. 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?

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