Owning your own home

Aah makes sense. Thanks.

It's a full ownership one - thank god - but the impression I'm getting is that the owner wants to sell it right now and let me deal with the lease extension. From what I can tell the cost of extension is circa £20k and it's at least £20k under the average asking price, so that seems to work. Appreciate the response.

That might be a bit sticky - it's an ex council block of flats so the entire value of the block would be in the millions. Worth keeping an eye on

yep I got the previous owner to extend the lease as a condition of sale. Don't think you will get a mortgage on a lease that short

i see the neighbours are building an extension to their house - conservatory by the looks of it. are they obliged to consult with the neighbours prior to starting or can they just power on regardless? they're utter cunts, if it's any consolation.

They can build out 3m under permitted development without consultation unless a party wall is involved.

Manners cost nothing though so it would have been nice to let you know.

no party wall.

these are the same people that threw a stone at my cat because it was in their garden and appear to subsist entirely on iceland frozen ready meals and GTA. top arseholes.

That's appalling. If someone did that to one of my cats I would make sure I fucked them over in a pretty spectacular way.

Didn't you hear the news? Cats are cunts. It's official.

Throwing a brick at their first born seems a fair escalation.

Only the property the lease relates to not the whole building.

@jv is right, 67 years will make it tough to get a mortgage. You can extend the lease as part of the buying process, so you pay the extra £20k or whatever on top of the purchase price and the lease is extended on completion. It's a bit more complicated than a normal transaction, but shouldn't add any delay if dealt with efficiently.

their kids are built like brick outhouses, etc.

You could try to negotiate that current owner pays the lease extension or at the least contributes. No one else will be able to get a mortgage on it either only a cash buyer and if one of those comes along you're out the game anyway.

check your LA planning portal, if they're an inch over the plans grass em up fo yo cat

You don't need to make a planning application for PD so it may not be on you LA planning portal. If there's nothing, check what they build against the general permitted development order.

unhappy with your neighbour?
worried that their new extension is going to block your light?

for a no-win, no-fee rights of light claim, call New Illumination Protection League

1-800 N-I-P-L

Awesome. I'll chat to the mortgage broker. Thanks guys, appreciate the advice.

Also worth bearing in mind that the estimated £20k might not be accurate. Get a firm extension quote and get the vendor to start the extension process as a condition of sale. Without a section 42 in place you will need to be in the property for 2 years before you can extend, and as mentioned previously you will be unlikely to get a mortgage on that short a lease anyway.

The freeholder is within their rights to charge you a premium, if you negotiate this you are liable for the freeholders' legal costs, as well as your own.
Lease extension is a tricky process, do a shit ton of research.

unhappy with your neighbour?

worried that their new extension is going to block your light?

for a no-win, no-fee rights of light claim, call New Illumination Protection League

1-800 N-I-P-L

Lozzles

Lfgss. What's your estimate of what this would cost? I have same house in same configuration and this looked very nice.

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Good to see you last night @BleakRefs, good luck with all the shenanigans.

Our purchase is still mired in total bollocks. After weeks of needless delay due to the stupidity an ineptitude of the seller's agent were supposed to have completed today but the vendor seems to have forgotten that they need to pack up and move out first.Apparently as they're emigrating they require the services of some mythcal professional bubble-wrapper who can only be booked several weeks out and are now trying to push back until mid October.

I fucking lost it at the estate agent when i found this out demanded the removal from our account of the utterly useless hag whose total failure to pass the most basic information between parties has been the cause of so much of this shit. Of course they're all over it now but the fact remains that the seller is still living there with all of their furniture so no amount of emoting is going to get them out this week.

If we have to wait till the offered date, wife will be back at work full-time and the baby isn't even close to being settled into nursery yet. I'm going to have to postpone an operation that I've been waiting for since March and above all it will mean at least another two weeks at the in-laws.

ARGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!

We had a bog standard loft conversion done for £35k three years ago. I reckon you'd be looking at double that, as that looks quite complex (plus it isn't the standard straightforward loft conversion so the companies that do that kind of work would likely charge more).

I am not an expert though (but thought I'd chip in as the UK electorate has had enough of experts).

It looks good btw.

double that, easy

Also if you have any neighbours then don't expect that to pass planning.