New Rossington Lease Extensions: Q and A’s

  • I have just purchased a three bedroom first floor purpose built maisonette located inNew Rossington and I'm considering extending the lease as soon as possible e.g. after 24 months of ownership
  • I have shares in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leasehold owners want to extend their leases and I'm wondering about the the process
  • I need to extend my existing lease can you assist? My investigation with the Land Registry reveal that it has 54 years unexpired
  • I am interested in getting a lease extension for a flat in New Rossington and want to use a local . Are you able to help me find a ?
  • I invested in buying a ground floor flat in New Rossington with a leasehold unexpired of seventy years. I am curious about what it will cost me to extend my lease
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I am a freeholder of a block of flats in New Rossington, and the tenants are in the process of being given lease extensions. I anticipate receiving the money next month. As I am not on self assessment do I get in touch with the tax man ?
  • We have owned a leasehold flat for approximately twenty years. There are fivety seven years outstanding on the lease. After a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate advice.
  • Coming up to two years that I have been in my garden flat in New Rossington. I have 63 years remaining 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 450k. 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 Rossington based or any will do fine?
  • I am currently negotiating a lease extension for my flat in New Rossington 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?

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