Frequently asked questions relating to New Romney Lease Extensions

  • I’m about to offer on a a property to purchase in the New Romney area and was interested in finding out how much would it cost for a lease extension? It has seventy two years unexpired...
  • I purchased a property in New Romney and it has nearly sixety eight years remaining. I'd like to arrange a lease extension by twenty years
  • I am looking to either purchase the freehold or a lease extension of my property in New Romney and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously remortgage with TSB to free up equity. The adviser handling the remortgage suggested I get two quotes : one for the lease extension and one for the freehold acquisition .The lease started in 1979 and since then the ground rent has been raised from £25.00 per year to £125 per annum.
  • I am concerned that my niece might have had the wool pulled over her eyes. She submitted an offer on a studio flat in New Romney, where the lease is around 74 years but she was advised by the estate agents that the flat owner had extended it to 125 years. She has now been informed the owner was holding off for her to appoint lawyers ahead of instigating the lease extension. Sounds unscrupulous, also it may take a while to sort it all out. Am I reading too much into it?
  • Me and my wife are considering buying a ground floor flat in New Romney which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease ends, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from extending the lease?
  • I am in need of a lease extension for my flat in New Romney and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I am planning on refinancing my two bedroom first floor purpose built maisonette in New Romney and the new lender that I am looking to switch to requires at least 80 years remaining on the lease in order for them to progress matters. I have found that I currently have around fivety six years on the leasehold so looking for some advice, guidance, and some quotes to start the lease extension process
  • Do you handle lease extensions on land? (a plot of land in New Romney with 82yrs remaining)
  • We have a ground floor flat in New Romney with a lease of seventy four years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?
  • I have a lease of sixety three years remaining on my flat in New Romney. 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 Romney