Recently asked questions relating to North Newbald Lease Extensions

  • I invested in buying a flat in North Newbald with a leasehold unexpired around sixety six years and need a lease extension. Please can you advise me of the next steps
  • Hi, I stumbled upon your site. I'm seeking prices on what a lease extension will cost for a a property based in North Newbald. It's on the market at the moment but has circa seventy eight years of unexpired leasehold
  • I have a lease of 76 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I am a landlord of a block of flats in North Newbald, and the leaseholders are in the process of being issued lease extensions. I should hopefully get the money next month. As I am not on self assessment do I write to the tax authorities ?
  • Offer accepted on a a one bedroom ground floor purpose built flat in North Newbald, 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 82 years.We are soon to exchange contracts in a couple of days. My query is Is it not odd that my property lawyers failed to spot this far earlier than just before exchange?
  • My property lawyers (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 fiance and I are purchasing a garden flat in North Newbald which has share of freehold and a leasehold. The lease was starting to get low so the owner is in the process of dealing with a lease extension. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our lawyers to do a pre-completion search on the property title. The problem here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new property title number has not been issued. Is it correct that we must hold on pending registration of the new lease?
  • My brother and I are in the throws of buying a flat (a studio flat located inNorth Newbald with share of freehold). During our search, we were always looking at flats that had at least ninety years remaining. We found a flat we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. Today our solicitors told us the lease only has seventy seven years and therefore needs a lease extension. Should we run away, or do we reduce our offer?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the garden flat in North Newbald. I live in the top flat. I was looking at the land registry documents yesterday when I noticed that my flat is leasehold. There is seventy four years balance left. If I want to do a lease extension then would I simply be paying for the lawyers costs?
  • I am the freeholder of a property in North Newbald and a leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £8,000, but has upped this to £10,000 without too much effort. My surveyor has suggested a much higher premium. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
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    Lease Extensions in North Newbald

    Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in North Newbald