Questions and Answers: Creekmouth Lease Extensions

  • I acquired a property in Creekmouth and it has around 62 years left. I'd like to extend the lease period
  • I own a maisonnette together with the freehold. My downstairs neighbours have asked to extend the lease what do I need to do?
  • I plan on buying a flat based in Creekmouth. The offer is conditional upon a lease extension. The vendor’s has given to the freeholder the Section 42 Notice. 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 Bank of Ireland. Moreover, which are the following lease extension steps to complete the purchase?
  • I own 60% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around seventy six years. I need a at my end. Can you advise please? I live near Creekmouth and have a mortgage with Nottingham Building Society.
  • My brother and I have been in discussion with our freeholder after having a valuation on our garden flat in Creekmouth. We have a 54 year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • Hello I own the freehold interest in a one bedroom flat in Creekmouth. The leaseholder has a sixety nine year lease and would like to purchase further 125 years. He is offering me £21,000 but I am not sure if this is too low an offer
  • We are hoping to buy a property (a garden flat located inCreekmouth with share of freehold). Throughout our search, we were always looking at apartments that had a minimum 83 years remaining. We found a flat we fell in love with and the selling agent promised us that the lease term was not an issue. Yesterday our advised us the lease only has 63 years and thus requires a lease extension. Do we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I own the freehold of a couple of flats. Someone has the lease on the ground flat in Creekmouth. I reside in the top flat. I was reviewing the land registry documents yesterday when I noticed that my flat is leasehold. There is 55 years remaining. If I want a lease extension then would I simply be paying for the charges?
  • I am the freeholder of a property in Creekmouth and a leaseholder has requested a lease extension. Her so called valuation expert has given a figure of £9,000, but has upped this to £10,000 without too much effort. My surveyor has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my studio flat in Creekmouth

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