Common questions relating to Cramlington Lease Extensions

  • I am looking for a lawyers in Cramlington and they should be on the Yorkshire Building Society approved conveyancers panel as we need a lease extension and refinance simultaneously. Are you able to recommend any please ?
  • I am the owner of a maisonnette together with the freehold title. The owners of the downstairs flat have asked for a lease extension what do I need to do?
  • I am looking into the costs of carrying out a lease extension for my GFF in Cramlington, and would like some figures on that.
  • I am deliberating whether to purchase the freehold or a lease extension of my property in Cramlington and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a refinance with Clydesdale to release of equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease commenced in 1972 and since then the ground rent has been raised from £15.00 per year to £200 per year.
  • We have a leasehold flat in Cramlington with 67 years remaining. Last year we were quoted a deal to have a lease extension for another fifty years but also uplift the ground rent from notional to £300 per year..plus a premium I think of approximately 16k. Finally we have decided to proceed but do we now have to start the negotiations again?
  • I have a share of the freehold. There are three flats in the building. All the leaseholders are now seeking lease extensions. How long will take to get a lease extension?
  • Offer accepted on a a garden flat in Cramlington, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as eighty years.We are about to exchange contracts within a week. My query is Is it not odd that my solicitors failed to spot this far earlier than just before exchange?
  • I am looking to buy a one bed flat in Cramlington for asking price of 156k, which has 60 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I have fivety eight years remaining on my lease of a ground floor flat in Cramlington, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • I'm looking for some advice with regard to a lease extension on my garden flat in Cramlington. 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. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
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    Lease Extensions in Cramlington

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