Top Ten Questions relating to Newbury Park Lease Extensions

  • We have just purchased a ground floor flat inNewbury Park and I'm deliberating extending the lease as soon as practicable e.g. after two years
  • 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 plan on buying a flat in Newbury Park. My offer is subject to the lease extension. The owner’s has given to the freeholder the Section 42 Notice. 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 Santander. Moreover, which are the following lease extension steps to complete the purchase?
  • We hope to sell our ground floor flat in Newbury Park but we may need to extend the lease, or at least cover the costs of our purchaser. Are you able to recommend a to assist?
  • Are you able to advise on how much it would financials and the best way to start the lease extension process? I have nearly 64 years outstanding and I own a one bedroom apartment in Newbury Park.
  • My husband and I have a one bedroom flat located in Newbury Park. There is 80 years remaining on the lease and we want a lease extension. How much does it cost on average to extend in this area by, say,twenty years
  • I am looking for advice as I am interested in a property that has only a 57 year lease and therefore requires a lease extension. Is it possible for me to talk with someone to discuss my options please?
  • I am the freeholder of a Edwardian property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 61 years. What are my next steps?
  • Are you able to provide an estimate to extend my aunt’s lease on a garden flat in Newbury Park. She already has a figure from the freeholder for a lease extension but I am far from certain if it is reasonable.
  • Do you handle lease extensions on land? (a plot of land in Newbury Park with 82yrs remaining)

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