Shared Ownership Lease Extension

[sofsofsof]

Please can someone help me!
{Mod - name removed} have said to me the fees are £350 + Solicitor fees + a RICS surveryor.
Im guesing the RICS surveyor is here to tell them what premium i have to pay to extend lease (i mean its just a joke)!
I "own" 30% house approx worth 230k...

[sb516]

On buying a property late 2017 victorian house converted in 2 flats in NW2 north-west london.

I purchased the freehold for the whole building and the leasehold for the top floor flat.

The leaseholder downstairs had 68 years remaining on her lease. She, in turn, submitted a...

[TakashiJo]

I own a flat which has an unexpired lease. I am in the process of remortgaging the flat. I received a mortgage offer from a lender. However, I had only nineteen years left on my lease; The lender requires all properties on which it lends, to have a minimum of twenty years remaining on the lease....

[Lou123]

Hi,

First time on here and hoping someone can help.

Our ground rent has increased from £250 to £500 per annum. What will the impact be when we come to renew the lease? Does ground rent directly impact the calculation for determining the lease extension premium upon renewal?...

[16smrlandlordzone]

Hi.

We're currently in the process of getting our lease extended. Unfortunately it's fallen below the critical 80 year mark to 78 years. As a result of this were now being quoted a lump sum payment of £30-35,000 to extend our lease another 90 years.

We've been told we have...

[McGinty]

My parents own a lease of a flat and shares in the company that owns the freehold. The property was built, freehold established and 99 year leases granted about 55 years ago; the freehold was bought by the lessees about 40 years ago; most of the leases in the block were extended to 999 year leases for...

[Pergola]

Thanks for your help. I have tried searching the forum for answers but find the formulae confusing :/


I am considering buying a 250 year leasehold for £200,000. It has a ground rent that starts at £400 and doubles every 10 years for the next 30 years, after which it stays constant*....

[nicole]

What is the best way to increase lease to 999 years?
it has 71 years currently
we own the freehold jointly as part of 5 flats in a right to manage scenario

Solicitors quoted £800 but surely we are only negotiating with ourselves ?
thanks...

[yorkshiregold]

I've got a long-leasehold flat in a converted building. Unfortunately I get on pretty badly with the freeholder. I've also extensively renovated the flat without freeholder consent. Some of these changes (e.g. removal of walls, rewiring) definitely breach the lease without consent. But they were...

[BournemouthLandlord]

Hello,

I own (am the owning leaseholder) of a flat which I rent out. The freeholder company are pretty aggressive in terms of finding ways to charge us leaseholders, so much so that they have inserted a £500 fee into their statement of charges just for engaging with them to discuss lease...

[alexanderwheal]

Hi all,

Firstly- thanks for any help in advance.

My flat is a basement flat (in poor condition) in W11 Notting Hill, just south of the purple outline which designates "Prime Central London" as per: http://www.myleasehold.co.uk/what-is...central-london
...

[Helen_havers]

I am looking to purchase a flat in a block of 15. It is a Victorian block. Lease needs extending (61), preferably as part of the purchase in that S42 notice is served on the freeholder. GR currently £720pa. Vendor is NOT keen to engage in this idea. Notwithstanding that I have no idea how to determine...

[redaroony]

I recently bought a flat and asked for permission to install electric central heating ( no flue only pipe work so i wonder now whether I needed permission in the first place. There was a big silence then when i chase a week or so ago I was told there is an illegal Velux window in the bathroom which...

[Atari]

Hi,

Could someone advise us on the following situation, please?

There are two flats in the building (converted house). I own only one of the flats, but we own the freehold for both. The owner of the other flat is looking for a lease extension or a share of the freehold....

[helpplease1]

Im really hoping that someone can help me here...
I am 1 of 5 freeholders of a 7 flat property. 5 flats are freehold and 2 are leashold. The 5 freeholders are also directors of the freehold company that manages the property.
Recently one of the leasholders extended their lease from from...