Top Ten Questions relating to Beadnell Lease Extensions

  • My name´s Jamie. I’m flat hunting in Beadnell I'm seeing a three bedroom first floor purpose built flat online, with around seventy seven years unexpired lease, how much does it cost on average to extend in this location by, say, thirty years?
  • I have got a leasehold flat in the Beadnell area and was curious whether I could obtain a lease extension. What are your processes and fees. Has 78 years remaining
  • I am the registered owner of a studio flat in Beadnell with a leasehold unexpired of 68 years. I am enquiring about how much it will cost me to extend my lease term
  • I am looking into the costs of carrying out a lease extension for my garden flat in Beadnell, and would like some figures on that.
  • I am a FTB of a leasehold flat in Beadnell. The lease has only 74 years unexpired and ground rent is £50. Is it possible for the seller to serve the Initial Notice and then transfer over the right to me as the buyer on the day of completion so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time costly to the seller? Unfortunately the landlord can not be found, so I am not sure how does it work.
  • 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 own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 72 years. I need a at my end. Can you advise please? I live near Beadnell and have a mortgage with Chelsea Building Society.
  • My OH and I have been in discussion with our freeholder after having a valuation on our garden flat in Beadnell. We have a sixety six year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure 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 our behalf.
  • I own the freehold reversion of a property in Beadnell where the leaseholder would like a lease extension. Her so called valuation expert has provided a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I deal with this myself, just equipped with the valuations I have? If not, what charges would I be likely to incur?
  • Do you handle lease extensions on land? (a plot of land in Beadnell with 82yrs remaining)

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