Questions and Answers: Virginia Water Lease Extensions

  • I’m just looking for a maisonette to buy in the Virginia Water area and was enquiring how much would it cost for a lease extension? It has 75 years residual lease term...
  • I have contacted my freeholder for a lease extension for my flat in Virginia Water. Her has been in contact regarding costs etc. I need a quote for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started Septembmer 1994.
  • I am the registered owner of a maisonette in Virginia Water. I am looking for a lease extension on the property. It is slightly less than eighty years. I would just like to know what your charges are and how long the process takes.
  • I am a FTB of a leasehold flat in Virginia Water. The lease has just 58 years residual lease term and ground rent is £75. Is it possible for the seller to serve the Notice of Claim and then transfer over the right to me as the purchaser once I complete the buying process so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time costly to the current owner? Unfortunately the freeholder can not be found, so I am not sure how this will play out.
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • I am planning to extend the lease on my two bedroom second floor purpose built maisonette in Virginia Water I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • I'm living with my parents but have a studio flat in Virginia Water let out which has a sixety eight year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Virginia Water for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
  • Me and my husband have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Virginia Water. We have a 61 year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I am currently negotiating a lease extension for my flat in Virginia Water as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • I'm looking for some advice with regard to a lease extension on my studio flat in Virginia Water. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good who specialises in lease extensions?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Virginia Water