More Loft conversion questions !

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    More Loft conversion questions !

    If this has been answered before (highly likely) i apologise in advance, i have searched to forums but would still like to have a direct answer to put my mind at rest !

    I am a freeholder (along with 2 other flats and one leaseholder) i live in the top floor and wish to convert to loft (not currently owned so will get deeds of variation drawn up) The other freeholders have agreed in principle but am getting stuck on a few issues and i just need to now the common method of dealing with these, so any help appreciated.

    1) Which is the most common practice, either take over responsibility for the roof or leave it as shared ownership ? If its left shared can i still fit a velux window ?

    2) Although the other flats initially didnt want any money for the loft, i suspect that the question of money will inevitably arise. I read the formula (value before/after minus costs = net profit then divided equally between freeholders) is this the fairest way to do it to keep everyone happy, or could we offer slighly less as weve created all the profit ?

    3) in terms of changing the service charges, would this depend on what our lease stipulates ? at the moment its equally divided between the four flats, can they force me to pay more if its just a set charge divided between flats ?

    many thanks in advance, im rapidly going off this conversion idea due to the mountains of bureaucracy, unfortunately we are unable to move at the moment...

    #2
    In my opinion, I would offer to take over the responsibility and upkeep of the roof to get right to have the loft demised to you and be able to put in velux windows. I suggest that the service charges should be altered to be based on square footage of each flat (we used EPC measurements) thus increasing your share. You would also have to pay for the Deeds of Variation to the lease for yourself as well as all the other 4 flats. Perhaps this way you may get things done without having to pay sums for profit.

    Comment


      #3
      Thanks for the reply bbva didnt think about using an epc for that purpose. I think the neighbours would prefer to keep the roof shared responsibility so im still wondering is that route is feasable ?

      Comment


        #4
        Having just paid out £4000 for my share of replacing the roof, re-insulation, replacing rotten rafters and guttering, I would be quite happy not to pay for that upkeep (I am a ground floor flat) I am not sure what the length of your lease is but when doing the Deed of Variation, all leases could be extended to 999 years with no ground rent. Just trying to think of ideas that would be attractive to the other flat owners without you paying additional lump sums to them. The reason I mentioned service charges was our service charges were split equally although the top flat has a loft conversion and the basement is larger. We felt this was unfair so when we extended the leases we determined the service charges on square footage.

        Comment

        Latest Activity

        Collapse

        • Chimney pot gas compliance
          by Perfectgame
          Out home is a Leasehold ‘house’ jutting out from a refurbished Grade2* building comprising 55 apartments. Ours is the only one with gas supply to the C19th chimney. We had a gas fire recently installed, but the chimney pot did not comply with the gas fire. According to the freeholder the existing...
          23-03-2020, 15:11 PM
        • Reply to Chimney pot gas compliance
          by AndrewDod
          Is this the first gas fire in this spot -- why does it have a gas supply?
          If you plan to make some amendment to your flat why do you feel other lessees should pay the cost?

          In this whole thread I think we need to be careful of words -- "responsibility" versus "rights"...
          23-03-2020, 17:49 PM
        • Reply to Chimney pot gas compliance
          by JK0
          I wouldn't argue IIWY. Plenty of freeholders not only charge lessees for doing the job, but bung on hundreds in fees also. Sounds like you have consent to do it yourself, doesn't it?
          23-03-2020, 15:48 PM
        • Reply to Chimney pot gas compliance
          by Interlaken
          What does it say in your lease about walls, roofs and structures outside the confines of your 'house' - that is where the answer lies. Ask the Freeholder to explain why he thinks it is not his responsibility. Usually it is the freeholder's responsibility.
          23-03-2020, 15:31 PM
        • Question on Community Infrastructure Levy (CIL)
          by Clulass
          I realise its not the best time to consider a development project given that the world is about to shut down and maybe end, but it helps distract me, from our impending doom.

          So to my question:

          Am I right in thinking that there is no CIL payable.....IF.... you are converting...
          14-03-2020, 21:29 PM
        • Reply to Question on Community Infrastructure Levy (CIL)
          by Interlaken
          CIL payments depend on which local authority you are in. In my area of work and having a Neighbourhood Plan in place 25% of CIL did go to the plan area for use in the community but suddenly our new Unitary Authority banned this so CIL goes into one big pot to be bid for. This does not please me and...
          23-03-2020, 09:34 AM
        • Reply to 1 bed to 2 bed conversion
          by leaseholder64
          I think there may already have been an unsafe modification, in that the kitchen door seems to have been removed. I'd expect that to be a fire door.

          If this is on the 27th floor, I'd say you were definitely creating an unsafe inner room, as the escape root passes through two high risk ...
          18-03-2020, 10:13 AM
        • 1 bed to 2 bed conversion
          by slix_88
          Hi all

          First time poster here after lurking on these forums for the past week. I've just put an offer on a large 800+ sqft 1 bedroom flat and was hoping to get your input with regards to the Building Regulations. For a moment, I am assuming the landlord / freeholder may refuse consent under...
          14-03-2020, 14:46 PM
        • Reply to 1 bed to 2 bed conversion
          by slix_88
          Hello

          Sorry, thought I'd bump this! I'd be very keen to get any input on this.

          Thanks,
          Simon
          18-03-2020, 01:03 AM
        • RICs Valuations or Estate Agents Appraisal
          by MAPTON
          Not sure which section I should post this question!

          A house in a very good residential location - normal 3 bed semi's sell for £330k (recent sale a few doors away) - this would be a standard 2 double bed with a box room and a family bathroom. The adjacent semi, on a corner plot has...
          10-03-2020, 15:53 PM
        Working...
        X