Common questions relating to Heddon On The Wall Lease Extensions

  • My name´s Adam. I’m flat hunting in Heddon On The Wall I'm seeing a ground floor flat online, with roughly 73 years unexpired lease, how much will it likely cost to extend in this location by, say, ninety years?
  • I own a flat in Heddon On The Wall with a leasehold unexpired roughly 58 years and need to extend it. Please can you clarify the next steps
  • Is it possible to talk with you about a flat in Heddon On The Wall, I am thinking of bidding at auction next month. The flat has a short lease and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • I am looking to either purchase the freehold or a lease extension of my property in Heddon On The Wall and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a get a new mortgage with Halifax to free up equity. My broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease started in 1979 and since then the ground rent has increased from £15.00 per year to £125 per annum.
  • I am considering bidding for an auction property and identified a two bed flat in Heddon On The Wall. It has just 48 year lease..the current owner being mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the disadvantages of this except for the costly fee to extend the lease and reduced chance of obtaining a mortgage with Virgin Money?
  • We are proceeding with a purchase of a garden flat in Heddon On The Wall. I was told that the lease had been lengthened (77 years outstanding prior to extension). The description on the listing stated "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 flat owner supposedly has a quote but no funds to extend and consequently the owner intends to exchange and use the 10% deposit for the lease extension. My question is why has this only just been brought to my attention by my lawyers?
  • I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 58 years. I need a lawyers at my end. Can you advise please? I live near Heddon On The Wall and have a mortgage with The Mortgage Works.
  • I am in need of some help with a lease extension. I live in Belfast but the flat in question is based in Heddon On The Wall. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • It says on your website the anticipated fee to extend a lease is £495. Is that the all inclusive cost excluding value added tax and the HMLR fee? The premium has already been agreed with the freeholder for the lease extension for my one bedroom apartment in Heddon On The Wall
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Heddon On The Wall
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    Lease Extensions in Heddon On The Wall

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