Common questions relating to East Boldon Lease Extensions

  • I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leaseholders want to extend their leases and I'm wondering about the procedure for this
  • My wife has an apartment in East Boldon which we have just put on the market. The leasehold has nearly 64 years balance left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
  • I am looking at investing in a second home but it has a lease that expires in 14 years. Its in East Boldon - I wanted to see if with your services it is possible for this to be extended?
  • I am going to purchase a flat located in East Boldon. My offer is subject to the lease extension. The current owner’s property lawyers has given to the freeholder 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 Skipton Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • We have a residential flat in East Boldon with 59 years to run. Last year we were quoted a deal to grant a lease extension for another 25 years but also increase ground rent from notional to £300 per annum..plus a premium I think of about 10k. Finally we have decided to proceed but do we now have to renegotiate?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • It says on your website the anticipated fee for dealing with a lease extension is £495. Is that the all inclusive cost including vat and the HMLR fee? The premium has already been agreed with the freeholder for the lease extension for my garden flat in East Boldon
  • We are are hoping to complete on a maisonette in East Boldon which has share of freehold and a leasehold. The lease was on the short side so the owner is in the process of extending the lease. The vendor has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our solicitors to do a "priority search" on the property title. The problem here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it correct that we have to hold on pending registration of the new lease?
  • I am currently in the process of refinancing my maisonette in East Boldon and the bank that I am looking to move to requires a minimum 85 years remaining on the lease in order for them to progress matters. We currently have around 65 years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bed flat in East Boldon
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    Lease Extensions in East Boldon

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