Lease Extensions in Newmarket

Common questions relating to Newmarket Lease Extensions

Hello, I stumbled upon this site. I'm looking for prices on what a lease extension will cost for a two bedroom second floor purpose built flat based in Newmarket. It's up for sale at the moment but has around seventy seven years unexpired lease on the lease

I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 76 years unexpired.

I have contacted my freeholder to extend my lease for my flat in Newmarket. His has been in contact regarding charges etc. I need an estimate for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started December 1993.

We are in a building of five flats in Newmarket and have been offered to buy the freehold for 7k 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?

My flat in Newmarket is up for sale and I have a hopefully firm offer. There is 82 years unexpired on the lease and I want a lease extension. How much does it cost on average to extend in this area by, say,twenty years

Offer accepted on a a 2 bed flat in Newmarket, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer in writing through the post which states the lease as 85 years.We are about to exchange contracts in a couple of days. My question is Have the estate agents breached any law by misrepresenting the position concerning the lease term?

I intend to buy a one bed flat in Newmarket for asking price of 125k, which has 60 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?

I am planning to extend the lease on my one bedroom apartment in Newmarket I am looking for a local company to calculate 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.

If somebody owns a flat with a lease of under 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 extending the lease?

Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Newmarket for a two bed flat - section 42 having been issued?

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