Haydon Bridge Lease Extensions: Q and A’s

  • I’m seeking a lease extension for our two bed flat based in Haydon Bridge and we are confused by the letter that we got from our landlord company. How long will it take?
  • Hi, I am looking somewhere around or in Haydon Bridge 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to purchase. It has seventy six years left.
  • I am looking to either purchase the freehold or a lease extension of my property in Haydon Bridge and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously get a new mortgage with Nationwide Building Society to release of equity. The adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease started in 1981 and since then the ground rent has increased from £25.00 per year to £100 per year.
  • I'm looking for an apartment to buy in Haydon Bridge and I'm not really familiar with the leasehold concept. I've found a three bedroom ground floor purpose built flat I like with a 82 years lease. I've read that I can apply for a lease extension having owned the property for 2 years, but:- Should I anticipate any issue with the mortgage?
  • Ref a residence in Haydon Bridge. lower maisonette. fivety four yrs unexpired. I have negotiated a lease extension price of £20k for 135yrs. Landlord also requested Notice of Claim which I think should not be required. Advice required.
  • We wish to extend our lease. We will have been in the apartment for 2 years as of 1st Feb 2016. It has around 67 years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as possible.
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • Me and my sister are purchasing a two bedroom ground floor purpose built maisonette in Haydon Bridge which has share of freehold and a leasehold. The lease was on the short side so the owner commenced extending the lease. The seller has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our to do a pre-completion search on the lease. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we have to wait pending registration of the new lease?
  • I am currently negotiating a lease extension for my flat in Haydon Bridge 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?

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