Common questions relating to Newcastle under Lyme Lease Extensions

  • I invested in buying a studio flat located in Newcastle under Lyme with a leasehold unexpired of seventy three years. I am curious about how much it will cost me to extend my lease
  • The terms for the lease on my apartment in Newcastle under Lyme are 95 years from 14 Jan 1990. Can you supply me me a quote to extend the lease if I give you more specifics please?
  • We bought a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Newcastle under Lyme and are therefore deliberating the option of a vesting order. Is this something you can handle for us?
  • I am looking to either purchase the freehold or a lease extension of my property in Newcastle under Lyme 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 Nationwide Building Society to release of equity. My adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease commenced in 1991 and since then the ground rent has increased from £25.00 per annum to £300 per year.
  • We are looking to extend our lease. We will have been in the property for 2 years as of 6th Jan 2016. It has approximately seventy two years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as is reasonably achievable.
  • I am in need of a lease extension for my flat in Newcastle under Lyme and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I am the freeholder of a Georgian 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 sixety four years. What are my next steps?
  • If a leaseholder owns a flat with a lease of less than 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?
  • I note that your website states the likely fee for dealing with a lease extension is £495. Is that the total cost including vat and the land registry fee? The price has already been agreed with the freeholder for the lease extension for my studio flat in Newcastle under Lyme
  • I'm seeking some assistance concerning extending the lease on my flat. The plan is to do this next winter as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Do I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?

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