Sample questions relating to Beadnell Lease Extensions

  • I would like to have my residential flat leasehold extension premium valued. The flat is in Beadnell, and my lease will reach 78 years this August. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I bought a ground floor flat in Beadnell. The start date for the lease was in 2001 for 99 years. Now I am looking to extend the lease. I am uncertain about additional expenses, could you tell me please how much I should expect to spend on this?
  • We purchased a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Beadnell and looking to do a vesting order. Is this something you can do for us?
  • My mortgage lender requires several hundred pounds for their conveyancers to agree a lease extension for my flat in Beadnell... I can find no reference of this in my mortgage guide... is this a usual charge?
  • I an interested in finding out more about purchasing a leasehold residence. We intend to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Beadnell area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • My OH and I have owned a leasehold flat for around twenty years. There are 74 years remaining on the lease. After a year of difficult negotiations through my conveyancers and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would appreciate some independent thoughts.
  • I'm living at parents but have a garden flat in Beadnell let out which has a 75 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Beadnell for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Beadnell for a two bed flat - sec 42 having been issued?
  • I own the freehold of a couple of flats. Someone has the lease on the lower flat in Beadnell. I occupy in the top flat. I was reviewing the land registry documents last night when I noticed that my flat is leasehold. There is 60 years unexpired. If I want a lease extension then would I simply be paying for the property lawyers costs?
  • I am currently negotiating a lease extension for my flat in Beadnell as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
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    Lease Extensions in Beadnell

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