Waltham Abbey Lease Extensions: Q and A’s

  • I am considering investing in a holiday home but it has a lease that expires in eighteen years. Its in Waltham Abbey - I wanted to see if with your services this could be extended?
  • We are the registered owners of a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Waltham Abbey and looking to do a vesting order. Is this something you can help us with?
  • My mortgage provider is requesting a £600 fee for their to approve the lease extension deed for my flat in Waltham Abbey... I am unable to find any reference of this in my mortgage guide... is this a usual charge?
  • My husband and I have a ground floor flat in Waltham Abbey with 68 years left. Ten months ago we were quoted a deal to have a lease extension for a further 25 years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 10k. Finally we have decided to proceed but do we now have to renegotiate?
  • Offer accepted on a a one bed flat in Waltham Abbey, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as 85 years.Contracts were due to be exchanged in a couple of days. My question is Is it not odd that my failed to spot this far earlier than just before exchange?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I am the freeholder of a Georgian property split into two flats. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy four years. What are my next steps?
  • I'm living at mum and dad but have a ground floor flat in Waltham Abbey let out which has a 75 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 Waltham Abbey 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 19k. Not sure sure whether to hold on or sell the flat?
  • I own the freehold reversion of a property in Waltham Abbey and a leaseholder has requested a lease extension. Her valuer has provided a figure of £8,000, but has increased this to £10,000 without too much effort. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
  • We currently own a garden flat in Waltham Abbey and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety one years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Should I contact the freeholder first and will they be able to give me a cost?

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