Top Ten Questions relating to Bishop Auckland Lease Extensions

  • My name´s Luke. I’m flat hunting in Bishop Auckland I'm deliberating offering on a 2 bed flat online, with around 66 years left, how much does it cost on average to get a lease extension by, say, twenty years?
  • I think our has advised us incorrectly concerning a lease extension and I want to find out how to go about making a formal complaint
  • I need to extend my current lease can you assist? My investigation with the Land Registry reveal that it has 78 years residual lease term
  • I am looking for a in Bishop Auckland and they need to be on the Coventry Building Society approved conveyancers panel as we need a lease extension and refinance simultaneously. Can you recommend a ?
  • I'm deliberating over purchasing a maisonette (leasehold) but the freeholder has been absent for circa 15yrs. I wonder whether it will be cheaper to try to buy the reversionary title or to get a lease extension and apply for RTM?
  • I am a FTB of a leasehold flat in Bishop Auckland. The lease has just seventy two years remaining and ground rent is £95. Is it possible for the current owner to serve the Initial Notice and then assign over the right to me as the purchaser once I complete the buying process so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the homeowner? To add to the complexity the landlord can not be found, so I am not sure how this will play out.
  • My mortgage provider requires several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Bishop Auckland... I am unable to find any reference of this in my mortgage contract... is this a normal cost that they charge?
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I intend to buy a one bed flat in Bishop Auckland for asking price of 145k, which has fivety nine years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • We have a one bed flat in Bishop Auckland with a lease of 60 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

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