Top Ten Questions relating to Newark Lease Extensions

  • I bought a flat in Newark with a leasehold unexpired around 69 years and need a lease extension. Please can you advise me of the next steps
  • Hi, I just randomly found your site. I'm looking for prices on what a lease extension will cost for a a property located in Newark. It's on sale at the moment but has circa sixety years left on the lease
  • I have got a leasehold flat in the Newark area and was wondering whether I could get a lease extension. What are your processes and fees. There are 75 years outstanding
  • The intention is to sell our one bedroom apartment in Newark but we may need to extend the lease, or at least cover the costs of our buyers. Are you able to help me find someone to undertake the legal formalities?
  • I need to talk to you about a leasehold property in Newark, I am considering bidding at auction in the next few days. The flat only has a few years left and I was wondering about how much it would cost to get a lease extension and for your services.
  • I am looking to either purchase the freehold or a lease extension of my property in Newark and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously get a new mortgage with The Royal Bank of Scotland to free up equity. My broker handling the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease started in 1981 and since then the ground rent has increased from £38.00 per annum to £100 per annum.
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • We have been in discussion with our freeholder after having a valuation on our ground floor flat in Newark. We have a fivety four year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • My wife and I are worried about getting a lease extension from tricky landlord. Notwithstanding that the legal procedures were followed under the 1993 Act, the landlord still attempted to get ground rent of £300 increasing by 100% every 25 years of the new lease. Can you help?
  • I am currently negotiating a lease extension for my flat in Newark 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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