Top Ten Questions relating to Blaydon On Tyne Lease Extensions

  • I'm wanting to make an offer on a house in Blaydon On Tyne but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Yorkshire Building Society giving us the mortgage now?
  • Do you only do lease extensions in Blaydon On Tyne? I own a flat in Abbey Wood with 90 years left, I am looking for a quote from a .
  • I own a maisonnette together with the freehold. My downstairs neighbours have asked for a lease extension what do I need to do?
  • I acquired a studio flat in Blaydon On Tyne. The lease commenced in 1991 for 99 years. Now I am wanting for a lease extension. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
  • I am looking at buying an auction property and came upon a studio flat in Blaydon On Tyne. It has just 48 year lease..the vendor as mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this other than the expensive fee to extend the lease and decreased chance of obtaining a mortgage with Nationwide Building Society?
  • My partner and I have owned a leasehold flat for around fifteen years. It now has 64 years left on the lease. Following a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to a Tribunal and would appreciate advice.
  • I am the freeholder of a Georgian property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 69 years. What are my next steps?
  • Just been over two years that I have owned my ground floor flat in Blaydon On Tyne. I have sixety nine yrs left on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Blaydon On Tyne for a one bed flat - sec 42 is already in place?
  • We know that others in the same block previously had a lease extension, and the landlord was reasonable. Therefore is seems worth taking risk of avoiding a formal valuation and calculate the initial offer on on the prices by others . This would save on double valuation charges. Would you recommend such a course of action?

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