Dunston Lease Extensions: Q and A’s

  • I am the registered owner of a property in Dunston and it has around fivety six years balance left. I'd like to extend the lease period
  • 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 am going to purchase a flat located in Dunston. The offer is conditional upon a lease extension. The seller’s has served 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 Yorkshire Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • We have a GFF located in Dunston. There is 80 years unexpired on the lease and we want a lease extension. How much will it likely cost to extend in this location by, say,fifty years
  • My father has a share of freehold, with two other leaseholders in a building in Dunston. House split into three apartments. He has a lease, which has around 57 years remaining. How much would it cost for a lease extension and how many years would he need to extend by?
  • I am in need of some help with a lease extension. I live in Dublin but the flat in question is based in Dunston. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • Me and my OH are hoping to purchase a home (a garden flat based inDunston with share of freehold). During our search, we were always looking at apartments that had at least eighty five years residual lease term. We came across a place we fell in love with and the selling agent assured that the lease term was not an issue. Today our told us the lease only has seventy one years and thus requires a lease extension. Do we walk away, or do we negotiate our offer?
  • I'm hoping for some help with regard to extending the lease on my maisonette. The intention is to do this sometime next year as we need to move 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. Do I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
  • I have 63 years remaining on my lease of a ground floor flat in Dunston, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • I am currently negotiating a lease extension for my flat in Dunston as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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