Has anyone done their own lease extension

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    Has anyone done their own lease extension

    I am the leaseholder of a flat in a block, of which the freeholder is the local council. I’d like to extend the lease and do the work myself, to save on costs . I think I am reasonably savvy and have in the past done probate myself for example, without a solicitor. Anyone else done this? Thanks for any advice.

    #2
    You are going to face fundamental things like the fact that HMLR won't speak with you without going through hoops and visiting them in person -- which will involve long distance travel and a couple of days off work. So it may cost you more than the solicitor fees.

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      #3
      Originally posted by AndrewDod View Post
      You are going to face fundamental things like the fact that HMLR won't speak with you without going through hoops and visiting them in person -- which will involve long distance travel and a couple of days off work. So it may cost you more than the solicitor fees.
      I take a differing stance from Andrew. Rather than visiting the Land Registry (there are not that many offices and as Andrew says there would be some travelling and time you could complete a form ID1. This will need to be signed off by a solicitor. Expect to pay around £150 plus VAT for them to do this. It may seem a lot for having a solicitor just sign a form stating they have seen evidence of ID but today solicitors have to do ID checks open files record the work they have done and with time and overheads you will appreciate how such figures can arise

      If the term is above 80 years it really is very straight forward indeed to calculate the figure for the premium. Serving the Section 42 Notice is really not that difficult. The Local Authority as we would hope would seek a full figure for the premium but they wont be outrageous and wont seek to be akward for the sake of being akward.

      Registering the new lease is simply form AP1 and the ID1 form

      Compared to probate its a walk in the park!




      ​​​​​​​

      Comment


        #4
        Originally posted by sgclacy View Post

        I take a differing stance from Andrew. Rather than visiting the Land Registry (there are not that many offices and as Andrew says there would be some travelling and time you could complete a form ID1. This will need to be signed off by a solicitor. Expect to pay around £150 plus VAT for them to do this. It may seem a lot for having a solicitor just sign a form stating they have seen evidence of ID but today solicitors have to do ID checks open files record the work they have done and with time and overheads you will appreciate how such figures can arise

        If the term is above 80 years it really is very straight forward indeed to calculate the figure for the premium. Serving the Section 42 Notice is really not that difficult. The Local Authority as we would hope would seek a full figure for the premium but they wont be outrageous and wont seek to be akward for the sake of being akward.

        Registering the new lease is simply form AP1 and the ID1 form

        Compared to probate its a walk in the park!
        I don't disagree with the above. However you can find solicitors do do easy lease extensions for about £300 to £400. So it depends a little on how much other work you want to do with HMLR now or later and how much you value your life. It is unfortunate that they have arranged the thing in such a way as to be a bit of a hassle if you are not part of the club.

        The savings to me made with DIY probate are massive where a solicitor might charge £2000 just for writing a few letters to banks which you can do yourself. Here the savings are not so great. But yes, we should be cutting out middlemen who often add nothing at all.

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          #5
          I would also add that there is something quite therapeutic about learning and achieving something which may help justify the relatively small reward for the work required - it may very well make you feel more confident about other challenges in life.

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            #6
            Nothing therapeutic in making huge errors through ignorance of the process and seriously devaluing your property in the process.
            Many leaseholders have been badly burned - even when using a non lease specialist solicitor!

            OP - research statutory lease extensions and pay a specialist solicitor.

            Google Martin Paine as one example of how you can be stitched up.

            Comment


              #7
              The landlord In this case is a local authority and whilst looking for a full price are not known to draft clauses to trick lessees

              if the OP is seeking a statutory claim and insist on that I don’t really see there is anything to fear -

              Comment


                #8
                I assume you have no mortgage, otherwise you have no chance.....

                Comment


                  #9
                  Thanks everyone for their very interesting and valid viewpoints and advice. I was indeed hoping that as the freeholder is a local council they won’t be trying to squeeze ever last penny or pulling a nasty trick. There is no mortgage. I think I will do as much of the legwork as I can but if I come up against anything difficult or unexpected I will instruct a specialist solicitor. sgclacy I really agree with you there is indeed something very satisfying and confidence building in completing a process, legal or otherwise, which seemed unfamiliar and maybe daunting at first.

                  Comment


                    #10
                    Um not really. Local councils and in particular Labour local councils are pretty much the worst freeholders, and pull the biggest and most brutal non-transparent tricks.

                    Like this for example https://www.leaseholdknowledge.com/h...orks-bill-ever

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