Common questions relating to Gateshead Lease Extensions

  • Hi, I am looking somewhere around or in Gateshead 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
  • My wife has a flat based in Gateshead which we are about to put on the market. The leasehold has just over seventy years outstanding on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Thank you.
  • Hi. I need someone to have a look at my lease extension ahead of it being formalised just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor variations.
  • Me and my husband are proceeding with buying a one bedroom apartment in Gateshead. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety two years left prior to extension). The sales particulars said "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The owner supposedly has a quote but no finances to extend and consequently the flat owner wishes to exchange and use the my deposit to extend the lease. My question is is it not odd that my lawyers failed to spot this far earlier than just before exchange?
  • I am the freeholder of a Georgian property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 56 years. What are my next steps?
  • I'm living at mother and father but have a ground floor flat in Gateshead let out which has a fivety eight 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 19k. Not sure sure whether to hold on or sell the flat?
  • My wife and I are aware that others in the same building previously had a lease extension, and the freeholder was reasonable. It therefore appears worth taking risk of not having formal valuation and calculate the initial offer on previous premiums paid . This would save on double valuation charges. Would you recommend such a course of action?
  • I have 64 years remaining on my lease of a ground floor flat in Gateshead, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable
  • We have a one bedroom apartment in Gateshead with a lease of 71 years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?
  • I'm looking for some advice with regard to a lease extension on my maisonette in Gateshead. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
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    Lease Extensions in Gateshead

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