Recently asked questions relating to Newbiggin By The Sea Lease Extensions

  • So this is the scenario: I invested in buying a one bedroom second floor purpose built maisonette in Newbiggin By The Sea that I am finding difficult to sell due to the lease requiring a lease extension. How long will it take ?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has seventy nine years outstanding.
  • I am looking into the costs of carrying out a lease extension for my one bedroom apartment in Newbiggin By The Sea, and would like some figures on that.
  • I'm looking for an apartment to purchase in Newbiggin By The Sea and I'm not really familiar with the leasehold title. I've found a garden flat I like with a 87 years lease. My research reveals that I can go for a lease extension after 2 years, but:- Is this a given?
  • We have a first floor flat in Newbiggin By The Sea with sixety five years to run. Last year we were quoted a deal to have a lease extension for a further fifty years but also uplift the ground rent from notional to £300 per year..plus a premium I think of about 16k. Finally we have decided to proceed but do we now have to start the negotiations again?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to acquire in Newbiggin By The Sea. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the garden area.
  • If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Newbiggin By The Sea for a two bed flat - sec 42 having been issued?
  • I have 73 years remaining on my lease of a ground floor flat in Newbiggin By The Sea, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • Do you handle lease extensions on land? (a plot of land in Newbiggin By The Sea with 82yrs remaining)

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