FAQs concerning Fenham Lease Extensions

  • I am looking to extend the lease on my one bedroom second floor purpose built flat in Fenham which will have seventy five years left in August. What fees do you charge for this?
  • I am interested in getting a lease extension for a flat in Fenham and want to use a local lawyers. Is there a lawyers that you can recommend?
  • I am looking into the costs of carrying out a lease extension for my studio flat in Fenham, and would like some figures on that.
  • I am concerned that my daughter might be having the wool pulled over her eyes. She submitted an offer on a one bedroom ground floor purpose built maisonette in Fenham, where the lease is approximately seventy six years but she was informed by the estate agents that the seller had extended it to 125 years. She has now been informed the vendor was waiting for her to retain lawyers prior to commencing with the lease extension. Seems odd to me, also it could take time to sort it all out. Am I reading too much into it?
  • We have a leasehold flat in Fenham with 71 years to run. Last year we were quoted a deal to grant a lease extension for another 25 years but also uplift the ground rent from notional to £300 per year..plus a premium I think of approximately 10k. We have now decided to move forward but do we now have to start the negotiations again?
  • I an interested in finding out more about leasehold property buying. We plan to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Fenham area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • If somebody 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 doing it?
  • I am the freeholder of a property in Fenham where the leaseholder has requested a lease extension. Her valuer has given a figure of £9,000, but has increased this to £10,000 without too much effort. My valuer has recommended a much higher amount. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
  • My wife and I are worried about obtaining a lease extension from an objectionable freeholder. Even though the legal procedures were adhered to under the appropriate legislation, the landlord still tried to get ground rent of £250 doubling every twenty years of the new term. Can you assist?
  • We currently own a one bed flat in Fenham and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 75 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Should I contact the landlord first and will they be able to give me a cost?
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    Lease Extensions in Fenham

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