Sample questions relating to New Inn Lease Extensions

  • My fiance agreed with the freeholder for a lease extension on our flat in New Inn, 18k for an extension by 90yrs. Can you please assist us with this situation ?
  • We have seen a house for sale for £215k and we are very keen on but we've just found out that it is leasehold. There are 899 years outstanding so a lease extension is not required. 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 suggestions would be much appreciated.
  • My neighbours and I are in a building made up five flats in New Inn and have been offered to buy the freehold for £5000 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?
  • How much will it cost me and what is the best way to get a lease extension started? I have approximately 61 years left on my lease on a garden flat in New Inn. I have contacted the managing agents who act on behalf of the head landlord and they gave me the number of the surveyor. I telephone the valuer but I am not receiving any calls back.
  • My mortgage provider is requesting a £450 fee for their property lawyers to agree a lease extension for my flat in New Inn... I am unable to find any reference of this in my mortgage guide... is this a usual cost that they charge?
  • My partner and I have a residential flat in New Inn with sixety seven years left. Last year we were quoted a deal to have a lease extension for a further thirty years but also increase ground rent from notional to £300 per year..plus a premium I think of approximately 9k. We have now decided to proceed but do we now have to start the negotiations again?
  • I have a share of the freehold. There are five flats in the building. All the leaseholders are now seeking lease extensions. How long will take to get a lease extension?
  • I am the freeholder of a Edwardian property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy nine years. What are my next steps?
  • My wife and I are aware that others in the same building previously had a lease extension, and the landlord was reasonable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on on the prices by others . This would save on double valuation charges. Would you recommend such a course of action?
  • I require an estimate to extend my mum’s lease on a studio flat in New Inn. She already has a price from the freeholder for a lease extension but I am not sure it is too high.
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    Lease Extensions in New Inn

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