Recently asked questions relating to Wavertree Lease Extensions

  • I own a leasehold flat in the Wavertree area and was curious whether I could get a lease extension. What are your processes and fees. Has seventy four years remaining
  • I am considering investing in a holiday home but it has a lease that expires in 14 years. Its in Wavertree - I wanted to see if with your services it is possible for this to be extended?
  • We have seen a house for sale for £185,000 and we are very interested but we've just discovered that it is leasehold. There are 899 years left so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without owning the property. Any guidance would be much appreciated.
  • Hello. I need someone to review my lease extension ahead of it being signed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few small variations.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Wavertree, and my lease will reach sixety six years this August. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • In 2010 I purchased a leasehold apartment in Wavertree. I have built a huge extension and have not informed my leaseholder. What should I do?
  • I'm living with my mum and dad but have a 2 bed flat in Wavertree let out which has a 59 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 Wavertree 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 Wavertree where the leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £8,000, but has upped 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 deal with this myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
  • I am worried about getting a lease extension from an objectionable freeholder. Notwithstanding that the legal procedures were followed under the appropriate legislation, the landlord still tried to get ground rent of £250 increasing by 100% every 25 years of the new term. Can you assist?
  • I am currently negotiating a lease extension for my flat in Wavertree 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 Wavertree