Questions and Answers: Shacklewell Lease Extensions

  • Hello, I stumbled upon this website. I'm looking for prices on what a lease extension will cost for a a property based in Shacklewell. It's on sale at the moment but has roughly 64 years unexpired lease on the lease
  • My wife has an apartment based in Shacklewell which we have just put on the market. The leasehold has about 69 years balance left on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Many thanks.
  • I am looking for a in Shacklewell and they should be on the Chelsea Building Society approved conveyancers panel as we need a lease extension and refinance at the same time. Are you able to recommend any please ?
  • I am looking to either purchase the freehold or a lease extension of my property in Shacklewell and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Yorkshire Building Society to free up equity. The adviser handling the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease commenced in 1991 and since then the ground rent has increased from £25.00 per annum to £200 per annum.
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • My brother and I have owned a leasehold flat for about fifteen years. It now has seventy seven years remaining on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would appreciate advice.
  • I'm living with my parents but have a studio flat in Shacklewell let out which has a 78 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 Shacklewell 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. Should I keep or sell the flat?
  • I am worried about getting a lease extension from an objectionable landlord. Notwithstanding that the legal procedures were adhered to under the appropriate legislation, the freeholder still tried to get ground rent of £200 increasing by 100% every 25 years of the new term. Can you help?
  • We currently own a garden flat in Shacklewell and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 61 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Shacklewell 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?

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