Frequently asked questions relating to Gateshead Lease Extensions

  • I’m about to offer on a three bedroom first floor purpose built flat to purchase in the Gateshead area and was curious how much would it cost for a lease extension? It has fivety six years unexpired...
  • I inherited a flat in Gateshead with a leasehold unexpired slightly less than 72 years and need a lease extension. Please can you clarify the next stages
  • I have an interest in the freehold of 2 blocks of flats comprising of six flats each. Two of the leaseholders want to extend their leases and I'm wondering about the the process
  • I am looking for a lawyers in Gateshead and they should be on the Nationwide Building Society approved conveyancers panel as we need a lease extension and refinance at the same time. Are you able to recommend any please ?
  • I plan on buying a flat in Gateshead. My offer is subject to the lease extension. The owner’s conveyancing practitioners has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Skipton Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • We are selling our maisonette in Gateshead but we may need a lease extension, or possibly cover the expense of our buyers. Are you able to suggest someone to undertake the legal formalities?
  • I have a leasehold apartment in Gateshead. I have built a big extension and have not informed my leaseholder. What are my options?
  • I am a FTB of a leasehold flat in Gateshead. The lease has just 74 years balance left and ground rent is £50. Is it possible for the seller to serve the Notice of Claim and then assign over the right to me as the purchaser once I complete the buying process so that I don't have to wait for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the owner? To add to the complexity it’s the case of an missing freeholder, so I am not sure how this will play out.
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • We have owned a leasehold flat for approximately twenty years. There are 71 years left on the lease. After a year of protracted negotiations through my conveyancers and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would appreciate some independent thoughts.
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    Lease Extensions in Gateshead

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