Newington Lease Extensions: Q and A’s

  • My wife agreed with the head landlord for a lease extension on our flat in Newington, 9k for a further 90yrs. Are you able to assist us with this situation ?
  • I’m about to offer on a garden flat to buy in the Newington area and was wondering what the likely fees would be to extend a lease? It has 63 years left...
  • My wife has an apartment based in Newington which we are about to put on the market. The leasehold has slightly more than seventy one years unexpired on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we commence arranging a lease extension? Many thanks.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Newington, and my lease will reach 70 years this June. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • Is it possible to talk with you about a leasehold property in Newington, I am thinking of buying at auction next week. The flat has a short lease and I am curious about how much it would cost to get a lease extension and for your services.
  • I'm looking for an apartment to buy in Newington and I'm not really familiar with the leasehold title. I've found a garden flat I like with a 87 years lease. I've read that I can get a lease extension having owned the property for a couple of years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
  • I will soon view a two bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 70 years left 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 the short lease make it difficult to secure a mortgage?
  • Offer accepted on a a ground floor flat in Newington, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as eighty years.Contracts were due to be exchanged within a week. My question is Is it not odd that my didn't pick this up far earlier than just before exchange?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My brother and I have been in discussion with our freeholder after having a valuation on our one bedroom second floor purpose built flat in Newington. We have a 69 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.

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