Examples of recent questions relating to Lease Extensions in Newmarket

  • I invested in buying a flat in Newmarket with a leasehold unexpired circa sixety one years and need to extend it. Please can you advise me of the next steps
  • 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 bought a ground floor flat in Newmarket. I am looking for a lease extension on the property. It is approaching eighty years. I would just like to know what your charges are and how long it would take for completion.
  • I am a landlord of a block of flats in Newmarket, and the lessees are in the process of being given lease extensions. I anticipate receiving the money within a month or so. Are there any tax implications, the property is in joint names with my wife ?
  • My husband and I are proceeding with buying a garden flat in Newmarket. I was advised by the EA that the lease extension had already been completed while on a viewing (seventy nine years unexpired lease prior to extension). The sales particulars stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The homeowner supposedly has a quote but no finances to extend as a result the seller wants to exchange and use the 10% deposit for the lease extension. My question is is it not odd that my didn't spot this far earlier than just before exchange?
  • I am the freeholder of a 1930’s property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy one years. What are my next steps?
  • Just been over 2 years that I have been in my maisonette in Newmarket. I have sixety two yrs outstanding on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 342K, 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?
  • Although I do not need a lease extension but I do require a vesting order on a property I want to purchase in Newmarket. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the rear garden.
  • I'm looking at buying an apartment in Newmarket at a price of £210,000 the flat has approaching sixety years unexpired on the lease. My offer was subject to a lease extension... .. that was back in August, hoping I'd have completed by Christmas. They have just informed the agent they'll reduce the price by£2k if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my three bed flat in Newmarket

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