Recently asked questions relating to Newcastle under Lyme Lease Extensions

  • My wife has an apartment in Newcastle under Lyme which we have just put on the market. The leasehold has around 73 years residual lease term 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.
  • Do you only handle lease extensions in Newcastle under Lyme? I own a flat in Abbey Wood with 90 years outstanding, I am looking for a quote from a .
  • We are selling our ground floor flat in Newcastle under Lyme but we may need to extend the lease, or possibly cover the costs of our buyers. Can you help me find a to undertake the legal formalities?
  • I am about to view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has sixety eight years residual lease term on the lease. It is also a repo so I'm guessing that the lender will not be interested in doing a lease extension. My primary concern is would it be difficult to sell on without a lease extension?
  • I have my suspicions that my niece is being hoodwinked. She put in an offer on a garden flat in Newcastle under Lyme, where the lease is nearon 79 years but she was informed by the estate agents that the flat owner had extended it to 125 years. Only now has she been informed the seller was holding off for her to retain conveyancers ahead of instigating the lease extension. Seems underhand, also it may take time to sort it all out. Am I reading too much into it?
  • I own a share of the freehold. There are five flats in the house. All the leaseholders are now looking for lease extensions. Are you willing to help us with this situation?
  • I am planning to get a lease extension and am wondering which 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?
  • Just been over 2 years that I have been in my studio flat in Newcastle under Lyme. I have sixety nine yrs unexpired lease on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • I'm looking at acquiring an apartment in Newcastle under Lyme at a price of £195,000 the flat has approximately 69 years left on the lease. I put in an offer subject to a lease extension... .. that was back in September, hoping I'd be in by Christmas. The seller has just informed the agent they'll reduce the price by£7k if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
  • We currently own a garden flat in Newcastle under Lyme and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 58 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?

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