Questions and Answers: Woburn Sands Lease Extensions

  • I own a leasehold flat in Woburn Sands. I have built a large extension and have not informed my leaseholder. What are my options?
  • I am a FTB of a leasehold flat in Woburn Sands. The lease has only 64 years remaining and ground rent is £25. Is it possible for the homeowner to serve the Initial Notice and then transfer this right to me as the buyer on the day of completion so that I don't have to wait for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the current owner? Unfortunately the freeholder can not be found, so I am not sure how does it work.
  • We would like to extend our lease. We will have been in the place for two years as of 21st Jan 2015. It has roughly 61 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as is reasonably achievable.
  • We are proceeding with buying a ground floor flat in Woburn Sands. I was advised by the EA that the lease extension had already been completed while on a viewing (fivety six years unexpired lease prior to extension). The sales particulars stated "sold with a long lease". It turns out as we are about to exchange of contracts we find that the lease has not been extended. The flat owner supposedly has a quote but no finances to extend as a result the current owner intends to exchange and use the 10% deposit for the lease extension. My question is how is possible that the estate agent got it so wrong?
  • 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?
  • Me and my partner have owned a leasehold flat for about twenty years. It now has 57 years outstanding on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate some independent thoughts.
  • I am the freeholder of a 1930’s property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy two years. What are my next steps?
  • I'm living with my parents but have a ground floor flat in Woburn Sands let out which has a seventy five 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 Woburn Sands 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 21k. Should I keep or sell the flat?
  • I am currently negotiating a lease extension for my flat in Woburn Sands 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?
  • Do you handle lease extensions on land? (a plot of land in Woburn Sands with 82yrs remaining)

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