Common questions relating to Cullercoats Lease Extensions

  • I’m about to offer on a three bed flat to buy in the Cullercoats area and was after more information on how much would it cost for a lease extension? It has seventy nine years left...
  • My wife has an apartment in Cullercoats which we have just put on the market. The leasehold has approximately 60 years left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Thank you.
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 899 years balance left so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any feedback would be much appreciated.
  • I am looking into the costs of carrying out a lease extension for my maisonette in Cullercoats, and would like some figures on that.
  • We invested in buying a leasehold with a freeholder who has failed to give us a counter-notice for a lease extension for our flat in Cullercoats and are therefore thinking about the option of a vesting order. Is this something you can help us with?
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Cullercoats and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with Coventry Building Society to free up equity. My broker handling the remortgage suggested I get two quotes : one for the lease extension and one for outright acquisition .The lease started in 1981 and since then the ground rent has been raised from £38.00 per year to £100 per annum.
  • In 2010 I purchased a leasehold flat in Cullercoats. I have built a big extension and have not informed my leaseholder. What should I do?
  • I have my suspicions that my niece is being hoodwinked. She submitted an offer on a garden flat in Cullercoats, where the lease is nearly seventy years but she was informed by the selling agents that the homeowner had extended it to 125 years. She has now been informed the flat owner was holding off for her to retain solicitors prior to commencing with the lease extension. Seems unscrupulous, also it could take a while to sort it all out. Am I being too sceptical?
  • I own the freehold of a three bedroom flat in Cullercoats. The leaseholders have sixety eight years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
  • I have fivety six years remaining on my lease of a ground floor flat in Cullercoats, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
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    Lease Extensions in Cullercoats

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