Blaydon On Tyne Lease Extensions

Common questions relating to Blaydon On Tyne Lease Extensions

So this is the scenario: I bought a studio flat in Blaydon On Tyne that I am finding difficult to sell as a result of the lease requiring a lease extension. How long will it take ?

I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. Two of the leaseholders want a lease extension and I'm enquiring about the procedure for this

We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 928 years remaining so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any advice would be much appreciated.

We inherited a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in Blaydon On Tyne and looking to do a vesting order. Is this something you can help us with?

I am about to view a one bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 72 years remaining on the lease. It is also a repo so I'm guessing that the lender will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?

I am a FTB of a leasehold flat in Blaydon On Tyne. The lease has only sixety six years remaining and ground rent is £50. Is it possible for the current owner to serve the Section 42 Notice and then transfer over the right to me as the purchaser on the day of completion so that I don't have to wait for the 2 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 may be possible but will it be very time consuming to the flat owner? To add to the complexity the freeholder can not be found, so I am not sure how this will play out.

We have a leasehold flat in Blaydon On Tyne with sixety nine years unexpired. Ten months ago we were quoted a deal to receive a lease extension for another fifty years but also increase ground rent from notional to a little more..plus a premium I think of about 14k. Finally we have decided to go ahead but do we now have to start the negotiations again?

I am in need of some help with a lease extension. I live in Belfast but the property in question is based in Blaydon On Tyne. I would be grateful if you can give me a call when you get a chance to discuss the case.

My husband and I are in the throws of buying a property (a three bedroom ground floor purpose built maisonette inBlaydon On Tyne with share of freehold). Throughout our search, we were always looking at apartments that had at least 83 years residual lease term. We came across a flat we liked and the estate agent assured that the lease term was not an issue. Yesterday our informed us the lease only has 60 years and thus requires a lease extension. Should we walk away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

We have a garden flat in Blaydon On Tyne with a lease of sixety six years left with a value of around £410000 we want to add 90 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 Blaydon On Tyne