Lease Extensions in Gateshead

FAQs concerning Gateshead Lease Extensions

I purchased a flat in Gateshead with a leasehold unexpired around 62 years and need to extend it. Please can you clarify the next stages

Hi. I need a to review my lease extension prior to it being signed just to make sure there's nothing that I haven't seen - it's just a reissue with a few minor variations.

We hope to sell our one bedroom ground floor purpose built flat in Gateshead but we may need to extend the lease, or at least cover the costs of our purchaser. Are you able to recommend a to handle this?

Re a residence in Gateshead. GFF maisonette. 67 yrs remaining. I have negotiated a lease extension price of £20k for 125yrs. Landlord also requested Initial Notice which I think is a bit over the top. Can you assist.

I'm living at mum and dad but have a garden flat in Gateshead let out which has a sixety 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 Gateshead 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 21k. Should I keep or sell the flat?

I have a freehold of a 2 bedroom flat in Gateshead. The leaseholders have 55 years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?

I'm looking at buying a flat in Gateshead valued at £195,000 the flat has something like sixety six years unexpired on the lease. I put in an offer conditional upon the lease being renewed... .. that was back in June, hoping I'd be in before Christmas. They have just come back saying they are willing to knock £5k off if they don't have to deal with the lease extension. I'm unsure whether that's a good idea

Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Gateshead for a two bed flat - sec 42 having been issued?

I am the registered freeholder to two flats. Someone has the lease on the ground flat in Gateshead. I reside in the upper flat. I was looking at the land registry documents recently when I noticed that my flat is leasehold. There is 69 years residual lease term. If I want a lease extension then would I simply be paying for the charges?

My and my partner know that others in the same building previously had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of avoiding a formal survey and calculate the initial offer on on the premiums paid by others . This would save on double valuation fees. Is this advisable?

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