Questions and Answers: Fenham Lease Extensions

  • I have got a leasehold flat in the Fenham area and was curious whether I could get a lease extension. What are your processes and fees. Has 64 years residual lease term
  • I am considering investing in a second home but it has a lease that expires in fifteen years. Its in Fenham - I wanted to see if with your services it is possible for this to be extended?
  • I'm about to make an offer on a house in Fenham but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Barclays Direct giving us the mortgage now?
  • In 2010 I purchased a leasehold apartment in Fenham. I have built a huge extension and have not informed the leaseholder. What are my options?
  • My mortgage lender requires a £450 fee for their conveyancers for a "deed of substituted security" for the lease extension for my flat in Fenham... I can find no reference of this in my mortgage literature... is this a standard cost that they charge?
  • Regarding a property in Fenham. upper maisonette. 75 yrs left. I have an agreed lease extension to £12,000 for 125yrs. Freeholder also requested Section 42 Notice which I think is a bit over the top. Advice required.
  • I own a share of the freehold. There are three flats in the block. All the leaseholders are now seeking lease extensions. How long will take to get a lease extension?
  • We are considering buying a studio flat in Fenham which is a leasehold. I am wanting to weigh up the pros and cons of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
  • I am the freeholder of a Victorian property split into two flats. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 57 years. What are my next steps?
  • I'm living at mother and father but have a ground floor flat in Fenham let out which has a 71 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 Fenham 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?
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    Lease Extensions in Fenham

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