Frequently asked questions relating to Shinfield and Arborfield Lease Extensions

  • I am looking for a lease extension on the lease on my three bed flat in Shinfield and Arborfield which will have seventy years remaining in August. What fees are applicable?
  • 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 own a maisonnette together with the freehold. My upstairs neighbours have asked for a lease extension what do I need to do?
  • My co-lessees and I are in a block containing five flats in Shinfield and Arborfield and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • We would like to know the cost of a lease extension valuation for a property based in Shinfield and Arborfield. Would you be able to help?
  • We have been in discussion with our freeholder after having a valuation on our garden flat in Shinfield and Arborfield. We have a 54 year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • We are buying a garden flat in Shinfield and Arborfield which has share of freehold and a leasehold. The lease was on the short side so the seller commenced extending the lease. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our to do OS1 search on the property title. The concern 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 have to wait pending registration of the new lease?
  • Me and my husband are in the throws of buying a flat (a studio flat located inShinfield and Arborfield with share of freehold). During our search, we were always looking at properties that had a minimum ninety years outstanding. We identified a flat we fell in love with and the estate agent assured that the lease term was not an issue. Yesterday our advised us the lease only has fivety six years and thus requires a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am the freeholder of a property in Shinfield and Arborfield where the leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £9,000, but has upped this by £2,000 without too much effort. My surveyor has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
  • We currently own a studio flat in Shinfield and Arborfield 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 58 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. Do you have some advice on this? Should I contact the landlord first and will they be able to give me a cost?

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