Frequently asked questions relating to East Boldon Lease Extensions

  • We have just purchased a maisonette based inEast Boldon and I'm thinking about extending the lease as soon as I can e.g. in 24 months of ownership
  • I’m about to offer on a three bed flat to buy in the East Boldon area and was interested in finding out what the likely fees would be to extend a lease? It has seventy years remaining...
  • I own a leasehold flat in East Boldon. I have built a big extension and have not informed my freeholder. What should I do?
  • We have a first floor flat in East Boldon with sixety three years left. Ten months ago we were quoted a deal to receive a lease extension for a further 25 years but also increase ground rent from nominal to £300 per annum..plus a premium I think of about 16k. We have now decided to move forward but do we now have to renegotiate?
  • We are considering buying a one bedroom apartment in East Boldon which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from having a lease extension?
  • I am the freeholder of a 1930’s property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 65 years. What are my next steps?
  • I'm living with my mother and father but have a three bedroom second floor purpose built maisonette in East Boldon let out which has a fivety seven year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in East Boldon for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Should I keep or sell the flat?
  • Although I do not need a lease extension but I do require a vesting order on a property I want to buy in East Boldon. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1895. Its the garden area.
  • If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • Just a quick question, how much is the premium payable for a lease extension on a residential property in East Boldon for a one bed flat - section 42 having been issued?
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    Lease Extensions in East Boldon

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