Newbridge Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Newbridge Lease Extensions
My name´s Noah. I’m house hunting in Newbridge I'm deliberating offering on a three bedroom second floor purpose built flat online, with circa seventy nine years left, how much does it cost on average to extend in this area by, say, 35 years?
We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 928 years outstanding so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any guidance would be much appreciated.
Hello. I need someone to have a look at my lease extension ahead of it being formalised just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor amendments.
I plan on buying a flat in Newbridge. The offer is conditional upon a lease extension. The homeowner’s lawyers has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Platform Home Loans Ltd. Moreover, which are the following lease extension steps to complete the purchase?
The intention is to sell our garden flat in Newbridge but we may need a lease extension, or at least cover the expense of our buyers. Are you able to suggest someone to undertake the legal formalities?
We are considering purchasing a garden flat in Newbridge 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 prevent me from having a lease extension?
I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
I am the freeholder of a Georgian property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 74 years. What are my next steps?
I know that others in the same building previously had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of not having formal survey and calculate the initial offer on on the premiums paid by others . This would save on double valuation fees. Would you suggest this course of action?
I am currently negotiating a lease extension for my flat in Newbridge 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?