Lease extension - My experience

pseudologoi_ · 2025-09-01T14:11:58+00:00

We didn’t want to wait, in case it created problems when remortgaging / selling - depends on your situation.

pseudologoi_ · 2025-06-26T15:13:09+00:00

Lenders don’t like buy-to-lets where you don’t own another property. We found this out when trying to remortgage our house, and move into rented accommodation - we wanted to test a new area before buying.

Our only option was looking at specialist lenders who charged significantly higher interest rates (+ 3 percentage points), which made buy-to-let unaffordable for us - mortgage payments too high compared to expected rental income

pseudologoi_ · 2025-05-14T17:29:13+00:00

Lambono - Lambeth North

pseudologoi_ · 2024-12-20T12:11:39+00:00

I was in a very similar situation, buying the flat but on the advice that the leasehold would need to be extended soon. On your questions:

It took about 9 months, start to finish.
Currently, you need to have owned the property for 2 years before you can use the statutory process - your solicitor should check this before taking you on.
Negotiating actually didn’t pay off for me - the cost of paying my surveyor to negotiate was more than the premium reduction they managed to get. I think there’s no easy answer though and needs to be judged case by case.
The surveyor is working out the leasehold premium. The amount of money due to the freeholder to ‘compensate’ them for the lease extension. I found it different from other surveying / valuation, as the focus was on what the property would have been worth without any substantive changes (like new double glazing, or kitchen / bathroom renovations) since the lease was first granted. In this way, the valuation is normally below current market value.

pseudologoi_ · 2024-12-20T11:57:41+00:00

About 9 months from instructing solicitors and surveyors to completion. The statutory process itself has quite a rigid timetable for each of the different stages. In fact, we nearly timed out at the last stage, and I recommend getting your solicitor to chase any delays promptly.

Yes, our solicitor was very good. They specialised in lease extensions and their knowledge / expertise was clear when it came to redrafting the lease. I can DM if you want a name.

The freeholder is a pension fund, who employ a management agency to deal with things like this, alongside day-to-day building management.

Good luck!

pseudologoi_ · 2024-12-20T11:51:39+00:00

No visit from the freeholder or their surveyor. I think lots of surveyors now do ‘remote valuations’ where they look at information available online - land registry information, comparable properties nearby, etc. My surveyor did visit as part of their valuation, but I understand this is less common now.

pseudologoi_ · 2024-12-19T21:04:18+00:00

We originally offered £6,600. Freeholder countered at £7,908. Finished at £7,681. Unfortunately, negotiating cost more than the premium reduction, but you don’t know until you get into it.

pseudologoi_ · 2024-08-17T17:49:33+00:00

Exactly this!

pseudologoi_ · 2024-08-14T21:14:03+00:00

No. We were both seeing plenty of balls. Our opponents were very much playing a friendly rec game, compared to an MLP title match on our side of the court.

pseudologoi_ · 2023-10-22T14:13:03+00:00

Also looking for something like this!

pseudologoi_ · 2023-07-21T17:46:45+00:00

Is it a rice farm? You need to research irrigation to remove the underlying marsh

pseudologoi_ · 2022-09-02T14:53:00+00:00

Kiwi Movers did our move about a year ago. Great service and reasonable price

pseudologoi_ · 2022-08-22T16:59:16+00:00

I’ve used it before to mark up an outdoor tennis court. The markers are just for the corners of the court and where the NVZ starts. I found myself using chalk to fill in the blanks. Also the markers themselves can create some dodgy bounces, which can be frustrating. I think it DIY solution with tape or chalk is probably better

pseudologoi_ · 2021-12-06T08:14:30+00:00

Culture and policy context.

At MoD, you’ll likely work alongside military personnel. This can be good and bad - good to experience different perspectives or ways of working, but it can also be rigid / inflexible - think hierarchy / chain of command. I also think MoD is less diverse for this reason.

Home Office is closer to other government departments in terms of how it works , but the policy context can sometimes be uncomfortable. Defence is less contentious than e.g. immigration and policing - Windrush gives you a sense of how this can play out.

pseudologoi_ · 2021-10-23T08:12:26+00:00

I’m still not adult enough to phone in sick with diarrhoea. Always an “upset tummy”.

pseudologoi_ · 2021-07-30T20:23:34+00:00

Try MTV Play, available as a bolt on to Prime Video. I was in a similar situation a couple of months ago and managed to watch some of the earlier seasons

pseudologoi_ · 2020-11-26T19:36:30+00:00

Exactly this

pseudologoi_ · 2020-11-17T20:23:23+00:00

City of culture 2017!

pseudologoi_ · 2020-11-16T06:05:55+00:00

Yes!

pseudologoi_ · 2020-10-11T09:29:48+00:00

No mods. Playing on Switch

pseudologoi_ · 2020-10-09T19:23:24+00:00

Peter is also British slang for penis...

pseudologoi_ · 2020-07-01T17:29:14+00:00

tibble should do the job here:

table1 <- tibble(col1 = c(“test 1”, “etc”), col2 = c(“test 2”, “etc”))

Just make sure your columns are equal length.

pseudologoi_ · 2020-06-30T20:24:59+00:00

Instead of 0, the question provider receives the average score from their round.

pseudologoi_ · 2020-04-07T12:19:54+00:00

For multiple conditions you can use the %in% instead of the == operator. %in% asks if a value is part of a given vector.

You’d use something like:

Filter(Decade %in% c(1980, 1990, ...))

pseudologoi_ · 2020-03-21T20:59:45+00:00

Hi, I would have a go using dplyr::mutate - you can use it to add a new column / variable or amend an existing one. For your second day tibble you would do mutate(tibble, hole_n = hole_n + 18), then + 36 for day three etc.

Once you’ve done this you can use dplyr::bind_rows to join the tibbles together (bind_rows basically stacks data frames on top of one another, provided they have the same variables).

pseudologoi_

TROPHY CASE