frederickprice

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  • in reply to: Letter From Camden on lease extensions #6301
    frederickprice
    Participant

      I extended my lease a few years ago and, except that I used different solicitors and my flat is in Marchmont Street, my experience pretty much mirrored that of CarolynM in terms of timescale, involvement of professionals, legal costs, etc.

      in reply to: Major Works 2017/18 Bill Extortionate #5171
      frederickprice
      Participant

        You can also trawl the site for decisions. See for instance LON/00AG/LSC/2018/0043 – dated 23 November 2018 – on the Tribunal part of the LEASE website. From reading this sort of thing you can get an idea of the issues which arise, amounts at stake, lawyers involved, the approach taken, and so on.

        Regards.

        in reply to: Major Works 2017/18 Bill Extortionate #5170
        frederickprice
        Participant

          Hi, it might be worth reviewing the LEASE website and in particular their guides. Visit http://www.lease-advice.org.

          Regards.

          in reply to: Extension of lease #4849
          frederickprice
          Participant

            Yes! Although it hasn’t “completed” yet (imminent).

            in reply to: Extension of lease #4847
            frederickprice
            Participant

              My lease is/was at 103 years. Incidentally I forgot to mention the initial cost of my own surveyor – so add £1000. Ouch!

              Regards, Frederick Price.

              in reply to: Extension of lease #4662
              frederickprice
              Participant

                Hi, just to say I am close to concluding a lease extension from Camden on my one bedroom flat through my own professionals (I had initiated this before Leasehold Solutions got in touch). The total cost including lease premium is £6,563.70. I started the process last year, with my survey taking place in January of this year. I have paid for my lawyer / surveyor, those for the Council, and disbursements. Touch wood, it has seemed fairly painless so far, if you are prepared to pay and be patient. The benefit is that you get a 90 year lease extension, so future proofing the property in terms of title.

                in reply to: Extension of lease #4442
                frederickprice
                Participant

                  My understanding is that you will be encouraged by the Council to use (and pay for) a lawyer and a surveyor, the latter to opine on the value of the proposed lease extension. You should also budget for paying the Council’s legal / surveying costs. So, if the actual cost of the lease extension is say £2500 (guesstimate!), there might be further costs of £5-7K when all the extras are totted up. You might be able to “do” the valuation yourself, and indeed the legals I suppose, but how would you know you are going about it the right way? Hence the reason why most people use professionals. I’m not sure if you can wriggle out of paying the Council’s costs – worth researching I would have thought.

                  in reply to: Waxham Refurb help please #4131
                  frederickprice
                  Participant

                    Hi – concerning stopcocks, in our street front property the water could be shut off from the basement of the next door building. I guess that was because they were all conjoined and over time no one had the incentive / money to sort it out. There was also an intermediate stopcock at ground floor near the street front entrance door to our building – boxed in at hip level, easily opened. And then one for my flat behind the bath panel. So the message is to speak to neighbours and enquire widely – and communicate in advance so any interruption of supply is flagged clearly. You don’t want bad relations with neighbours!

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