Frequently asked questions relating to Watford Lease Extensions

  • I’m seeking a lease extension for our apartment in Watford and we don't fully understand the communication that we got from our freehold company. What's your legal fee?
  • Hello, I stumbled upon your site. I'm looking for prices on what a lease extension will cost for a maisonette located in Watford. It's up for sale at the moment but has approximately 60 years outstanding on the lease
  • I bought a property in Watford and it has roughly 71 years residual lease term. I'd like to arrange a lease extension by twenty years
  • I'm planning to make an offer on a house in Watford but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Skipton Building Society giving us the mortgage now?
  • I am about to put an offer in on a ground floor flat in Watford with a lease of 77 years but unsure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • My mortgage provider is requesting a £450 fee for their conveyancers for a "deed of substituted security" for the lease extension for my flat in Watford... I can find no reference of this in my mortgage guide... is this a standard fee to pay?
  • My partner and I have a first floor flat in Watford with sixety one years to run. Ten months ago we were quoted a deal to have a lease extension for another thirty years but also increase ground rent from notional to a little more..plus a premium I think of approximately 14k. Finally we have decided to go ahead but do we now have to start the negotiations again?
  • We are hoping to purchase a flat (a studio flat based inWatford with share of freehold). Throughout our search, we were always looking at flats that had at least 83 years left on the lease. We found a flat we liked and the selling agent assured that the lease was long albeit not specifying a number. This morning our solicitors told us the lease only has 66 years and therefore needs a lease extension. Do we walk away, or do 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 planning on remortgaging my one bedroom apartment in Watford and the next lender that I am looking to move to requires at least 85 years on the leasehold of my property in order for them to take the mortgage forward. I have found that I currently have around 77 years on the leasehold so require some help, guidance, and some quotes to start the lease extension process
  • We have a maisonette in Watford with a lease of 68 years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?
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    Lease Extensions in Watford

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