Frequently asked questions relating to Newport Pagnell Lease Extensions

  • We agreed with the freeholder for a lease extension on our flat in Newport Pagnell, 17.5k for an additional 90yrs. What's your legal fee ?
  • I’m just looking for a three bed flat to buy in the Newport Pagnell area and was wondering what the likely fees would be to extend a lease? It has 62 years unexpired...
  • I'm intending to make an offer on a house in Newport Pagnell but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Norwich and Peterborough Building Society giving us the mortgage now?
  • I am a landlord of a block of flats in Newport Pagnell, and the leaseholders are in the process of being given lease extensions. I anticipate receiving funds next week. Are there any tax implications, the property is in joint names with my partner ?
  • Me and my partner are considering buying a garden flat in Newport Pagnell which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
  • 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?
  • I am planning to extend the lease on my maisonette in Newport Pagnell I am looking for a local company to calculate the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around sixety five years. I need a at my end. Can you advise please? I live near Newport Pagnell and have a mortgage with Bank of Ireland.
  • We are are hoping to complete on a one bed flat in Newport Pagnell which has share of freehold and a leasehold. The lease was on the short side so the owner is in the process of extending the lease. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our to do a "priority search" on the lease. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we have to wait until the new lease is registered?
  • My and my partner know that others in the same block had already had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of not having formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you recommend such a course of action?

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