Examples of recent questions relating to Lease Extensions in Watford

  • My name´s William. I’m property hunting in Watford I'm thinking about offering on a studio flat online, with around seventy six years remaining, how much will it likely cost to extend in this area by, say, 35 years?
  • I own a leasehold flat in the Watford area and was wondering if I could get a lease extension. What are your processes and charges. Has sixety six years residual lease term
  • I'm about to make an offer on a house in Watford but I'm concerned 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 TSB giving us the mortgage now?
  • I'm looking for an apartment to purchase in Watford and I'm not really familiar with the leasehold tenure. I've identified a garden flat I like with a 87 years lease. I've read that I can apply for a lease extension after 2 years, but:- Should I be looking for some conditions that would prevent me for getting a lease extension?
  • We would like to extend our lease. We will have been in the flat for two years as of 6th March 2015. It has nearon 65 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • My dad has a share of freehold, with two other leaseholders in a building in Watford. House converted into three flats. He has a lease, which has roughly fivety eight yrs outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
  • I'm looking at purchasing an apartment in Watford valued at £195,000 the flat has just under 63 years unexpired on the lease. My offer was subject to the lease being extended... .. that was back in November, expecting I'd have moved in by now. The seller has just informed the agent that they are prepared to knock £5k off if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • Are you able to provide an estimate to extend my mother’s lease on a one bedroom apartment in Watford. She already has a figure from the freeholder for a lease extension but I am far from certain if it is reasonable.
  • I am planning on remortgaging my garden flat in Watford and the bank that I am looking to move to needs a minimum 80 years remaining on the lease in order for them to take the mortgage forward. We currently have around seventy nine years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • I am currently negotiating a lease extension for my flat in Watford 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?

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