Lease Extensions in Amble

Recently asked questions relating to Amble Lease Extensions

My name´s Kyle. I’m house hunting in Amble I'm thinking about offering on a garden flat online, with nearon 66 years outstanding, how much does it cost on average to get a lease extension by, say, fifty years?

I am looking to either purchase the freehold or a lease extension of my property in Amble and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with Norwich and Peterborough Building Society to free up equity. My broker handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease started in 1979 and since then the ground rent has been raised from £15.00 per annum to £100 per year.

My mortgage provider is requesting a £600 fee for their for a "deed of substituted security" for the lease extension for my flat in Amble... I am unable to find any reference of this in my mortgage guide... is this a normal charge?

Ref a residence in Amble. upper maisonette. 75 yrs unexpired. I have an agreed lease extension to £20k for 115yrs. Landlord also insisted on Section 42 Notice which I think is a tad over the top. Can you assist.

I own a share of the freehold. There are five flats in the building. All the leaseholders are now requiring lease extensions. What are the timescales to grant a lease extension?

My fiance and I are considering purchasing a garden flat in Amble which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?

I am planning to extend the lease on my maisonette in Amble I am looking for a local company to calculate the premium. I have a quote from the landlord. 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?

My partner and I have been in discussion with our freeholder after having a valuation on our maisonette in Amble. We have a 66 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.

We currently own a maisonette in Amble and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 58 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Should I contact the freeholder first and will they be able to give me a cost?

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