Cramlington Lease Extensions

Common questions relating to Cramlington Lease Extensions

I am looking to extend the lease on my studio flat in Cramlington which will have seventy three years outstanding in August. What fees apply?

I have a lease of 55 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?

Hello. I need a to have a look at my lease extension before it's signed just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few small changes.

I would like to have my residential flat leasehold extension premium assessed. The flat is in Cramlington, and my lease will reach seventy three years this May. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?

We inherited a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Cramlington and are therefore thinking about the option of a vesting order. Is this something you can handle for us?

My husband and I have a leasehold flat in Cramlington with seventy nine years unexpired. Ten months ago we were quoted a deal to grant a lease extension for a further fifty years but also uplift the ground rent from notional to a little more..plus a premium I think of about 14k. Finally we have decided to proceed but do we now have to start the negotiations again?

Coming up to two years that I have owned my maisonette in Cramlington. I have 61 years left on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 425k. 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 goes to LVT)?

Although I do not need a lease extension but I do require a vesting order on a property I want to acquire in Cramlington. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the rear garden.

I am currently negotiating a lease extension for my flat in Cramlington as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

We have a ground floor flat in Cramlington with a lease of 54 years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?

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