Top Ten Questions relating to Blyth Lease Extensions

  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I acquired a garden flat in Blyth. The lease commenced in 2001 for 99 years. Now I am looking to extend the lease. I am not entirely sure about additional expenses, could you tell me please how much I should expect to spend on this?
  • My co-lessees and I are in a building made up five flats in Blyth and have been offered to buy the freehold for 8k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Possibly made a mistake, I am seeking a in Blyth who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can assist me with?
  • I am a first time buyer of a leasehold flat in Blyth. The lease has just 70 years unexpired and ground rent is £95. Is it possible for the flat owner to serve the Initial Notice and then transfer over the right to me as the purchaser once I complete the buying process 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 legal but will it be very time costly to the homeowner? To add to the complexity the freeholder is absent, so I am not sure how does it work.
  • My partner and I are considering purchasing a garden flat in Blyth which is a leasehold. I am wondering what are the pros and cons of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?
  • I an interested in finding out more about leasehold property buying. We intend to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Blyth 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 wife and I are purchasing a garden flat in Blyth which has share of freehold and a leasehold. The lease was on the short side so the vendor commenced dealing with a lease extension. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our to do a "priority search" on the property title. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number is not known. Is it right that we have to wait pending registration of the new lease?
  • I am planning on refinancing my garden flat in Blyth and the mortgage company that I am looking to switch to needs a minimum 80 years remaining on the lease in order for them to progress matters. I have found that I currently have around 60 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
  • We have a garden flat in Blyth with a lease of 64 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 Blyth