Owning your own home

https://bulb.co.uk/refer/andrewh1825

£50 each I think

I have one you can use - https://bulb.co.uk/refer/jack4462

npf.

All da codez!

Thanks will try in order they arrived :)

Yussssssss

Just completed on the sale of our flat.

Boom!!

Anyone know anyone who would be recommended to fix a brick wall in se23? It's a garden (well, driveway) wall that's wobbly - not sure if that's generally fixable...

I've used your code.

Grand. I’ve had only good experiences with them so far 👍🏻

Must post faster! Anyway ...

I'm looking at extending the lease on my flat. Victorian house, me and the guy downstairs own the freehold. We both want to extend the leases, the current leases are fine (other than the duration) so wouldn't need a new lease writing.

What's the best/cheapest way of doing this? Quotes look to be about £500 per flat (plus land registry fees, etc) whereas I was hoping for about half of that. The other leaseholder was suggesting we could do it ourselves but I'm somewhat wary of that, it could be an expensive thing to cock up.

👍👍👍👍👍👍

anyone wanna buy a boat

Sorry to cross-post from the Home DIY thread but looking for urgent advise.

We have a vented heating system with cold water tank and hot overflow in the loft. The hot water overflow in our loft is overflowing (through the exterior pipe) and the boiler periodically overheats. Plumber says there is a partial blockage and that we need a powerflush.

I have heard much skepticism about this procedure, from it usually being unnecessary to it causing leaks in older pipework. I suggested to the plumber that we might try a chemical clean first but he says this will just pour out of the overflow due to the blockage.

Is there anything we should try before we do this powerflush? Can the chemical be introduced in such a way that it stays in the system for longer before reaching the overflow?

Should add that we are going to be changing almost all the upstairs rads soon so it strikes me we should do this before anything else.

TIA!

Argh, two days until removers appear to stuff all our crap into boxes. Moving the day after that. Still can't believe it. Also can't believe how much crap can be amassed in a smallish house over 10 years. Quite a few boxes that have never been opened since our last move. In the skip they go.

Why do you need a lease extension if you have the freehold?

If you share the freehold with someone else, there still needs to be suitable time remaining on the lease.

@aggi £500 is nothing when talking about doing lease stuff right, I'm a leaseholder and it cost me £10k to extend mine, which I thought was reasonable.

That £10k must have included some marriage value though? As a share of freeholder that part isn’t relevant so it’s just legal fees you need to worry about.

Nope, it was the cost of the extension plus fees. It was more than 80 years to start with so marriage value didn't apply.

Still, getting it done properly by a decent solicitor would be worth £500 to me. IMO

Ouch, much more than I would have guessed.

I knew it coming into the original purchase and I had mentally budgeted £20k, so I was happy even for peace of mind. Googling it brought up many anxiety triggering horror stories. Now I have 180 year lease with decent GR terms so I can just forget about it.

Misread that

nvm

Two different things being talked about here. From what I understand stevo_com isn't the freeholder.

Extending a lease if you're the freeholder is just solicitors fees, there's no extension costs since you'd only be paying them to yourself. (If you share the freehold I'm assuming the other freeholders aren't going to be dicks about anything.)

Extending a lease if you're not the freeholder is the expensive bit.

Ouch, much more than I would have guessed.

If you've got a lease of more than 80 years and a reasonably chunky ground rent, a lease extension is going to cost a bit because the landlord has to be compensated not only for the deferral of its (entirely hypothetical) right to recover possession of the flat for a further 90 years but also for the loss of rent over the remainder of the term of the lease.

A regular lease extension doesn't deprive the freeholder of ground rent. That's only the case if it's via a section 42 notice.

I was initially quoted £13k for mine with 89 years remaining (not section 42) but a chartered surveyor (£720) seemed to have no problems negotiating that down to £6k. Solicitors fee was £1k.