Questions and Answers: New Invention Lease Extensions

  • My wife agreed with the head landlord to a lease extension on our flat in New Invention, 15k for another 90yrs. What's your solicitors fee ?
  • My partner has an apartment based in New Invention which we are about to put on the market. The leasehold has around 66 years outstanding on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Many thanks.
  • I am looking to extend the lease on my three bed flat in New Invention which will have sixety eight years remaining in September. What fees are applicable?
  • I am looking at investing in a holiday home but it has a lease that expires in 14 years. Its in New Invention - I wanted to see if with your services it is possible for this to be extended?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in New Invention, and my lease will reach 58 years this April. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I am looking into the costs of carrying out a lease extension for my GFF in New Invention, and would like some figures on that.
  • My mortgage provider requires a £600 fee for their property lawyers to agree a lease extension for my flat in New Invention... I am unable to find any mention of this in my mortgage contract... is this a normal cost that they charge?
  • Me and my fiance are purchasing a maisonette in New Invention which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of dealing with a lease extension. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our property lawyers to do a pre-completion search on the lease. The problem here is that as a lease extension has been submitted we've been told by our conveyancing practitioners 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 have to wait pending registration of the new lease?
  • Me and my sister are in the throws of buying a flat (a maisonette located inNew Invention with share of freehold). During our search, we were always looking at apartments that had at least 83 years balance left. We came across a apartment we liked and the selling agent promised us that the lease term was not an issue. Yesterday our conveyancers informed us the lease only has seventy six years and therefore needs a lease extension. Do we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • We know that others in the same block had already had a lease extension, and the landlord was amenable. Therefore is seems worth taking risk of avoiding a formal valuation and base the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?
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    Lease Extensions in New Invention

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