Top Ten Questions relating to Gateshead Lease Extensions

  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has seventy seven years unexpired.
  • I am looking for a conveyancing practitioners in Gateshead and they should be on the Chelsea Building Society approved conveyancers panel as we need a lease extension and refinance simultaneously. Can you recommend a lawyers ?
  • I am the owner of a maisonnette together with the freehold. The owners of the downstairs flat have asked to extend the lease what do I need to do?
  • I own a ground floor flat in Gateshead. The lease commenced in 1997 for 99 years. Now I am looking to extend the lease. I am not entirely sure about additional expenses, could you tell me please how much I should expect to spend on this?
  • I am looking into the costs of carrying out a lease extension for my ground floor flat in Gateshead, and would like some figures on that.
  • I would like to know how much it would expense and the best way to get a lease extension started? I have slightly less than 57 years unexpired lease and I own a three bedroom ground floor purpose built maisonette in Gateshead.
  • I would like some guidance on leasehold property buying. We are going to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Gateshead area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • Are you able to provide an estimate to extend my aunt’s lease on a one bedroom apartment in Gateshead. She recently got a figure from the freeholder for a lease extension but I am unclear whether it is too high.
  • I am currently negotiating a lease extension for my flat in Gateshead as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • We have a three bedroom second floor purpose built flat in Gateshead with a lease of sixety seven years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?
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    Lease Extensions in Gateshead

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