Common questions relating to Cramlington 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 plan on buying a flat based in Cramlington. The offer is conditional upon a lease extension. The homeowner’s has given to the freeholder the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Barclays Direct. Moreover, which are the following lease extension steps to complete the purchase?
  • I am looking into the costs of carrying out a lease extension for my 2 bed flat in Cramlington, and would like some figures on that.
  • We have a leasehold flat in Cramlington with 77 years remaining. Last year we were quoted a deal to receive 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. We have now decided to move forward but do we now have to renegotiate?
  • I am planning to extend the lease on my three bedroom second floor purpose built maisonette in Cramlington I am looking for help to verify the premium. I have a price from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • I am in need of some help with a lease extension. I live in Glasgow but the flat in question is based in Cramlington. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • I own the freehold to two flats. Someone has the lease on the ground flat in Cramlington. I occupy in the top flat. I was looking at the land registry documents last night when I noticed that my flat is leasehold. There is 78 years outstanding. Can one do a lease extension without instructing a ?
  • Are you able to provide an estimate to extend my mum’s lease on a ground floor flat in Cramlington. She already has a price from the freeholder for a lease extension but I am not sure it is reasonable.
  • We currently own a garden flat in Cramlington and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 61 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
  • Do you handle lease extensions on land? (a plot of land in Cramlington with 82yrs remaining)

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