Forum Sponsors

www.nannycentral.co.uk

www.no-flies.co.uk

www.dulwichcarpetcompany.co.uk

Advertise here

The East Dulwich Forum
Coffee tastes best at... Blue Mountain? Caffe Nero? The East Dulwich Cafe?
messageCan anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by shazza76 03 February, 2018 09:37

Sorry posted in Business section, got no response.

Looking for a recommendation for a good Solicitor who deals with staircasing shared Ownership properties, and also can advise on lease extensions.

Iíve already tried the place on North Cross Rd and the Solicitors up by the Plough.

Can anyone help please?

Thanks



Edited 1 time(s). Last edit was 2018:02:03:09:39:33 by shazza76.

messageRe: Can anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by SpringTime 03 February, 2018 11:34

Angela Stanton at Beverley Morris in Blackheath

messageRe: Can anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by shazza76 03 February, 2018 15:26

Thanks SpringTime, will look into recommendation.

messageRe: Can anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by Hoopoedi 03 February, 2018 15:40

David Coombs at William Bailey Solicitors on East Dulwich Road...

messageRe: Can anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by Sally Eva 03 February, 2018 16:05

are you thinking of buying a shared ownership property? If so you might like to read this blog written by housing lawyers

[nearlylegal.co.uk]

messageRe: Can anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by shazza76 03 February, 2018 19:09

Thanks Hoopoedi, will give William Bailey Solicitors a call next week.

Sally - Iím looking to sell, HA cannot find a buyer so will be on Open Market, but the remaining years on lease is low, I just want to discuss my options with someone before making decision.
Estate Agents have cash buyers interested but at very low price. But really need to sell property soon.

Thanks all for suggestions.

Shazza

messageRe: Can anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by womanofdulwich 03 February, 2018 19:28

How low ? Less than 80 years?

messageRe: Can anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by sunbob 03 February, 2018 20:26

We used [bennettwelch.com] in Crystal Palace a few years ago and found them very straight forward and helpful.

messageRe: Can anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by shazza76 04 February, 2018 07:37

Woman of Dulwich - Lease is under 70 years, and Iíve looked into adding on another 90 years. From what the HA are telling me I can start the process which requires small admin fee and thatís all on my part as Iím looking to sell. But I still want legal advice as Iím finding the HA being a little difficult.
Unfortunately due to personal circumstances I need to sell quickly.
Cash buyers interested through Estate Agents but at knock down price.

Thanks Sunbob, will look into your suggestion.

Thanks again everyone,
Shazza

messageRe: Can anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by nxjen 04 February, 2018 07:42

Disturbed to learn you have a cash buyer interested as I thought the ethos behind shared ownership properties was so that those without these kind of resources are able to get onto the property ladder. Does the sale need to be approved by the HA?

messageRe: Can anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by shazza76 04 February, 2018 07:58

HA cannot find a buyer and itís very difficult when seller owns larger share. And they are very keen on getting their % and have no issues with cash buyer which was expressed more than once. Yes Sale Edís to be approved and they will do so Iíve been informed.
Estate Agents say it will probably be on open market a while, hence they looked into cash buyers.

messageRe: Can anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by nxjen 04 February, 2018 08:28

Strange the HA is not being more helpful in extending the lease as this would make it easier for them to find a buyer, also I would have thought if you own the majority share they could purchase a percentage. Anyway, hope you get sorted soon. We also used David Coombs at William Bailey to extend our lease but a different scenario as we were both leaseholders and freeholders.

messageRe: Can anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by intexasatthe moment 04 February, 2018 09:29

nxjen would you mind sharing how much Wm Bailey charged ? I am a leaseholder/freeholder and need to extend lease and I'm wondering how straightforward this will be .I feel it should be straightforward but fear a solicitor may make it complicated . Maybe by PM if you were willing ?

shazza I'm sorry things haven't worked out for you .Do hope you can fond a good solicitor and EA to help .I have heard good things about Noflies . Best of luck - you'll get there !

messageRe: Can anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by womanofdulwich 04 February, 2018 09:35

Try ALEP for some basic info. It's quite surprising your lease has gone so low. You will need to do some research before you can sell.

messageRe: Can anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by Applespider 04 February, 2018 10:34

intexasatthe moment Wrote:
-------------------------------------------------------
> nxjen would you mind sharing how much Wm Bailey
> charged ? I am a leaseholder/freeholder and need
> to extend lease and I'm wondering how
> straightforward this will be .I feel it should be
> straightforward but fear a solicitor may make it
> complicated . Maybe by PM if you were willing ?

I own a flat in a block where the freehold is owned by a ltd company comprised of the four flat owners. Last year, someone was selling and we expected it to be very straightforward. Agreeing the extension with a peppercorn lease was easy. But because it involves granting new leases, and particularly if there is a mortgage involved, you do need a solicitor. Itís almost like a mini-conveyance. We looked into a number of solicitors and were shocked by some of the charges. I didnít extend mine at that point but seem to recall from the seller who did, that it was the better part of £1500.

messageRe: Can anyone advise on Lease extensions and also looking for a recommended local Solicitors.
Posted by nxjen 04 February, 2018 10:56

It is generally a good idea if all leaseholders in this situation extend at the same time as the landlord/freeholder is entitled to make a charge for extending which if all flats were extending would not happen as there would be mutual benefit. However if one flat had already extended their lease it would put them in a better position to charge as they would not need the agreement of their fellow freeholders.


Back to top of page
Sorry, only registered users may post in this forum.
Donate                   Terms of use                  Help & FAQs                   Advertise               RSS rss feed               Copyright 2006 - 2018 East Dulwich Forum