Common questions relating to Shenley Brook End Lease Extensions

  • I am thinking about a lease extension for our apartment located in Shenley Brook End and we don't fully understand the communication that we received from our freehold company. What's your legal fee?
  • 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 need to talk to you about an apartment in Shenley Brook End, I am thinking of buying at auction in the next few days. The flat has a short lease and I am curious about what it would cost to get a lease extension and for your services.
  • How much will I need to spend and what is the best way to start the lease extension process? I have slightly less than 63 years unexpired lease on my lease on a one bedroom apartment in Shenley Brook End. I have called the managing agents who act on behalf of the head landlord and they gave me the number of the surveyor. I telephone the valuer but I am not getting any returned calls.
  • I am looking for advice as I am interested in a property that has only a seventy eight year lease and therefore requires a lease extension. Can I call someone to go through my options please?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • We would like to know the cost of a lease extension valuation for a property based in Shenley Brook End. Would you be able to help?
  • Just been over 2 years that I have been in my ground floor flat in Shenley Brook End. I have 54 years remaining on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • If a leaseholder 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 extending the lease?
  • My husband and I are buying a three bed flat in Shenley Brook End which has share of freehold and a leasehold. The lease was starting to get low so the owner is in the process of dealing with a lease extension. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our to do a "priority search" on the lease. 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 lease title number has not been issued. Is it correct that we must wait until the new lease is registered?

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