Examples of recent questions relating to Lease Extensions in Waterbeach

  • I want to acquire a leasehold property and extend the lease. The current owner has been there over two years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I plan on buying a flat located in Waterbeach. The offer is conditional upon a lease extension. The vendor’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Bank of Ireland. Moreover, which are the following lease extension steps to complete the purchase?
  • We are in a block comprising three flats in Waterbeach and have been offered to buy the freehold for 5k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I invested in buying a studio flat in Waterbeach. I am looking for a lease extension on the property. It is nearly eighty one years. I would just like to know what your charges are and how long it would take for completion.
  • My leasehold flat in Waterbeach is up for sale and I have a hopefully firm offer. There is 79 years remaining on the lease and I want to extend the lease. How much will it likely cost to extend in this location by, say,fifty years
  • I am planning to extend the lease on my 2 bed flat in Waterbeach I am looking for a local company to calculate 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.
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Waterbeach for a one bed flat - sec 42 is already served?
  • We are worried about getting a lease extension from a difficult freeholder. Even though the legal procedures were followed under the appropriate legislation, the freeholder still attempted to charge ground rent of £200 increasing by 100% every 25 years of the new lease. Can you help?
  • I have 55 years remaining on my lease of a ground floor flat in Waterbeach, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • I am currently negotiating a lease extension for my flat in Waterbeach 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?

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