Chester le Street Lease Extensions

Common questions relating to Chester le Street Lease Extensions

I have got a leasehold flat in the Chester le Street area and was wondering if I could obtain a lease extension. What are your processes and charges. There are 70 years left

I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has seventy four years remaining.

I am about to view a two bedroom apartment, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has sixety years left on the lease. It is also a repossession so I'm guessing that the bank will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?

My property lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

My son has a share of freehold, with two other leaseholders in a building in Chester le Street. House converted into three flats. He has a lease, which has slightly less than 67 yrs left. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?

I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around sixety nine years. I need a conveyancing practitioners at my end. Can you advise please? I live near Chester le Street and have a mortgage with Virgin Money.

I'm living at parents but have a garden flat in Chester le Street let out which has a 79 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 Chester le Street 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 21k. Should I keep or sell the flat?

Hi I own the freehold reversion in a 3 bedroom flat in Chester le Street. The leaseholder has a 71 year lease and would like to purchase another 90 years. He is offering me £21,000 but I am not sure if this is in the right ballpark

I am currently in the process of refinancing my garden flat in Chester le Street and the bank that I am looking to move to needs at least 80 years remaining on the lease in order for them to take the mortgage forward. I have discovered that I currently have around seventy five years on the leasehold so require some help, guidance, and some quotes to start the lease extension process

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my maisonette in Chester le Street

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