Questions and Answers: New Invention Lease Extensions

  • So this is the scenario: I bought a garden flat in New Invention that I now cannot sell due to the lease requiring a lease extension. How long will it take ?
  • Hello, I just randomly found your site. I'm seeking prices on what a lease extension will cost for a a property located in New Invention. It's on sale at the moment but has approximately 54 years left on the lease
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 798 years remaining 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 correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any guidance would be much appreciated.
  • I'm considering purchasing a one bedroom apartment (leasehold) but the landlord has been missing for approximately 15yrs. I wonder whether it will be less expensive to try to acquire the reversionary title or to get a lease extension and apply for right to manage?
  • I own a leasehold flat in New Invention. I have built a big extension and have not informed the freeholder. What should I do?
  • I'm looking for a flat to purchase in New Invention and I'm not really familiar with the leasehold tenure. I've identified a one bedroom first floor purpose built maisonette I like with a 82 years lease. I've read that I can apply for a lease extension after a couple of years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
  • Coming up to two years that I have owned my ground floor flat in New Invention. I have fivety seven yrs unexpired lease on the lease. I am now looking either to purchase a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a New Invention based or any will do fine?
  • My wife and I are are hoping to complete on a ground floor flat in New Invention which has share of freehold and a leasehold. The lease was on the short side so the owner commenced extending the lease. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we must wait pending registration of the new lease?
  • I'm seeking some advice with regard to extending the lease on my apartment. The intention is to do this in six months time as we need to move 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. Can you recommend a good with expertise in lease extensions. Ideally someone in New Invention area?
  • I have a lease of 75 years remaining on my flat in New Invention. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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