Top Ten Questions relating to Chester le Street Lease Extensions

  • My name´s Isaac. I’m property hunting in Chester le Street I'm deliberating offering on a one bedroom apartment online, with around sixety one years remaining, how much does it cost on average to extend in this location by, say, 45 years?
  • I need to talk to you about an apartment in Chester le Street, I am considering buying at auction next week. The flat only has a few years left and I wanted to inquire about what it would cost to get a lease extension and for your services.
  • I am looking to either purchase the freehold or a lease extension of my property in Chester le Street and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage with Lloyds TSB Bank to release of equity. The adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease started in 1981 and since then the ground rent has increased from £15.00 per year to £300 per year.
  • I am looking at acquiring an auction property and came upon a studio flat in Chester le Street. It only has a fifty-one year lease..the vendor being mortgagees in possession dont want to mess around with applying for a lease extension..what are the drawbacks of this except for the costly fee to put a new lease on it and reduced chance of getting a mortgage with Coventry Building Society?
  • My leasehold flat in Chester le Street is up for sale and I have a hopefully firm offer. There is 82 years unexpired on the lease and I want a lease extension. How much will it likely cost to get a lease extension by, say,fifty years
  • Just been over two years that I have been in my garden flat in Chester le Street. I have fivety six yrs remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 445k. 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: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
  • I'm looking at purchasing an apartment in Chester le Street at a price of £195,000 the flat has just under 68 years remaining on the lease. I put in an offer conditional upon the lease being renewed... .. that was back in June, hoping I'd have moved in by now. The owner has just informed me that they are prepared to reduce the price by£2k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • Just a quick one, how much are the legal fees for a lease extension on a residential property in Chester le Street for a one bed flat - sec 42 having been issued?
  • We are worried about getting a lease extension from a difficult landlord. Notwithstanding that the legal procedures were adhered to under the appropriate legislation, the freeholder still tried to get ground rent of £200 increasing by 100% every 25 years of the new lease. Can you assist?
  • I'm looking for some advice with regard to a lease extension on my garden flat in Chester le Street. I'll be looking to do this sometime next year as we need to move at some point 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?

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