Recently asked questions relating to New Mills Lease Extensions

  • Hello, I just randomly found your website. I'm looking for prices on what a lease extension will cost for a one bedroom apartment based in New Mills. It's on sale at the moment but has around 61 years outstanding on the lease
  • Hi, I am looking somewhere around or in New Mills 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
  • I need to extend my current lease can you assist? My investigation with the Land Registry reveal that it has sixety nine years balance left
  • I purchased a ground floor flat in New Mills. The lease started in 1991 for 99 years. Now I am looking to extend the lease. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
  • I am thinking about purchasing an auction property and came upon a two bed flat in New Mills. It only has a 41 year lease..the seller being mortgagees in possession dont want to mess around with applying for a lease extension..what are the drawbacks of this other than the huge fee to extend the lease and decreased chance of obtaining a mortgage with Godiva Mortgages Ltd?
  • Hi I am the freeholder interest in a 3 bedroom flat in New Mills. The leaseholder has a sixety seven year lease and would like to purchase further 125 years. He is offering me £27,000 but I am not sure if this is in the right ballpark
  • I'm looking at buying an apartment in New Mills at a price of £256,000 the flat has something like seventy five years unexpired on the lease. I put in an offer subject to the lease being extended... .. that was back in September, hoping I'd be in by Christmas. They have just come back saying they are willing to knock £3k off if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • Just a quick one, how much does it cost for a lease extension on a residential property in New Mills for a one bed flat - section 42 is already in place?
  • We currently own a garden flat in New Mills and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 66 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Should I contact the landlord first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in New Mills 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?
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    Lease Extensions in New Mills

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