Byker and Walker Lease Extensions: Q and A’s

  • We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 798 years residual lease term so a lease extension is not an issue. 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 twenty years without the house being ours. Any guidance would be much appreciated.
  • 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?
  • Think I may have made a mistake, I am actually looking for a in Byker and Walker who has Leasehold Tribunal expertise in relation to lease extensions. Is this something you can assist me with?
  • We have a leasehold flat in Byker and Walker with 63 years remaining. Ten months ago we were quoted a deal to have a lease extension for a further fifty years but also uplift the ground rent from nominal 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 Dublin but the property in question is based in Byker and Walker. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I'm living with my parents but have a maisonette in Byker and Walker let out which has a fivety four year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Byker and Walker for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
  • Although I do not need a lease extension but I do require a vesting order on a property I want to purchase in Byker and Walker. The house is freehold but the garden is officially leasehold, 1000 year lease from 1854. Its the garden area.
  • I'm seeking some advice with regard to a lease extension on my maisonette. The plan is to do this in nine months time as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good who specialises in lease extensions. Ideally someone in Byker and Walker area?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Byker and Walker
  • We have a ground floor flat in Byker and Walker with a lease of 55 years left with a value of around £370000 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 Byker and Walker