Lease Extensions in Newmarket

Questions and Answers: Newmarket Lease Extensions

I agreed with the landlord for a lease extension on our flat in Newmarket, 12.5k for a further 90yrs. What's your legal fee ?

20,000 agreed with the landlord’s agents, just attempting to find a Newmarket for a lease extension. Our lease has just over 78 yearsremaining. How long will this take ?

I am looking at investing in a second home but it has a lease that expires in fifteen years. Its in Newmarket - I wanted to see if with your services it is possible for this to be extended?

I am interested in getting a lease extension for a flat in Newmarket and want to use a local . Are you able to help me find a ?

I have contacted my freeholder to extend my lease for my flat in Newmarket. His has been in contact with charges etc. I need an estimate for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started Septembmer 1986.

We are in a building containing three flats in Newmarket and have been offered to buy the freehold for £5000 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?

I am looking to either purchase the freehold or a lease extension of my property in Newmarket and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Barclays to release of equity. The adviser dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease began in 1991 and since then the ground rent has increased from £38.00 per annum to £200 per annum.

I am a FTB of a leasehold flat in Newmarket. The lease has only 75 years remaining and ground rent is £75. Is it possible for the vendor to serve the Initial Notice and then assign over the right to me as the purchaser on the day of completion so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the seller? Unfortunately it’s the case of an missing landlord, so I am not sure how this will play out.

My wife and I have a residential flat in Newmarket with 72 years left. Last year we were quoted a deal to receive a lease extension for another 25 years but also increase ground rent from nominal to £250 per year..plus a premium I think of about 10k. Finally we have decided to go ahead but do we now have to renegotiate?

I'm seeking some help with regard to extending the lease on my maisonette. I'll be looking to do this next summer 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. Can you recommend a good who specialises in lease extensions. Ideally based in Newmarket?

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