Questions and Answers: Newbridge Lease Extensions

  • My wife has a flat located in Newbridge which we are about to put on the market. The leasehold has slightly less than 63 years balance left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Many thanks.
  • We are in a block of three flats in Newbridge and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Possibly made an error, I am actually looking for a lawyers in Newbridge who has Leasehold Tribunal expertise in relation to lease extensions. Are you able to assist me with?
  • The terms for the lease on my flat in Newbridge are 99 years from 1 Sep 1988. Please give me a quote for a lease extension if I give you more information please?
  • My mortgage lender requires several hundred pounds for their conveyancing practitioners for a "deed of substituted security" for the lease extension for my flat in Newbridge... I am unable to find any reference of this in my mortgage contract... is this a normal charge?
  • My dad has a share of freehold, with two other leaseholders in a building in Newbridge. House converted into three apartments. He has a lease, which has around fivety seven yrs left. How much would it cost for a lease extension and how many years would he need to extend by?
  • I am hoping to extend the lease on my maisonette in Newbridge I am looking for help to verify the premium. I have a price from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • Coming up to two years that I have owned my two bedroom second floor purpose built flat in Newbridge. I have 56 yrs remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my property lawyers about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
  • We are in the throws of buying a flat (a garden flat inNewbridge with share of freehold). Throughout our search, we were always looking at flats that had at least 84 years outstanding. We came across a place we fell in love with and the estate agent promised us that the lease was long albeit not specifying a number. This morning our property lawyers told us the lease only has 63 years and therefore requires a lease extension. Should we walk away, or do we reduce our offer?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my maisonette in Newbridge
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    Lease Extensions in Newbridge

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