Recently asked questions relating to Waterloo Lease Extensions

  • 35k agreed with the freeholder, just trying to find a Waterloo for a lease extension. Our lease has about 64 yearsunexpired lease. How long will this take ?
  • I am looking at investing in a second home but it has a lease that expires in 14 years. Its in Waterloo - I wanted to see if with your services this could be extended?
  • I plan on buying a flat in Waterloo. My offer is conditional upon a lease extension. The current owner’s has given to the freeholder the Notice of Claim. 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 Godiva Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • My neighbours and I are in a building containing four flats in Waterloo 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'm living with my mum and dad but have a studio flat in Waterloo let out which has a seventy 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 Waterloo 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. Not sure sure whether to hold on or sell the flat?
  • Me and my fiance have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Waterloo. We have a sixety three year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that he 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 our behalf.
  • Hi I own the freehold reversion in a 3 bedroom flat in Waterloo. The leaseholder has a 67 year lease and would like to purchase another 125 years. She is offering me £21,000 but I am unsure if this is a correct amount
  • I own the freehold reversion of a property in Waterloo where the leaseholder would like a lease extension. Her valuer has provided a figure of £9,000, but has upped this by £2,000 without too much effort. My valuer 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 deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to face?
  • We currently own a three bedroom second floor purpose built flat in Waterloo 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 seventy years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?
  • I'm looking for some advice with regard to a lease extension on my studio flat in Waterloo. 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. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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