Cullercoats Lease Extensions

Frequently asked questions relating to Cullercoats Lease Extensions

I am about to put an offer in on a three bed flat in Cullercoats with a lease of seventy four years but unsure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.

I will soon view a one bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 72 years remaining on the lease. It is also a repo so I'm guessing that the lender will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?

I have my suspicions that my niece might have had the wool pulled over her eyes. She submitted an offer on a garden flat in Cullercoats, where the lease is circa sixety eight years but she was informed by the estate agents that the owner had extended it to 125 years. Only now has she been informed the homeowner was waiting for her to appoint solicitors prior to commencing with the lease extension. Seems unscrupulous, also it will take time to sort it all out. Am I being too sceptical?

I own a share of the freehold. There are three flats in the house. All the leaseholders are now requiring lease extensions. What are the timescales to grant a lease extension?

We would like to extend our lease. We will have been in the place for 2 years as of 22nd Feb 2016. It has around 79 years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as possible.

My brother and I have owned a leasehold flat for about eighteen years. It now has 59 years remaining on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would welcome advice.

I am in need of some help with a lease extension. I live in Edinburgh but the flat in question is based in Cullercoats. I would be grateful if you can give me a call when you get a chance to discuss the case.

I own the freehold reversion of a property in Cullercoats and a leaseholder has requested a lease extension. Her valuer has provided a figure of £9,000, but has upped this to £10,000 at the drop of a hat. My valuer has suggested a much higher figure. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what fee would I be likely to incur?

I have sixety eight 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 acceptable

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bedroom apartment in Cullercoats

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