Hellesdon Lease Extensions: Q and A’s

  • I need to extend my current lease can you help me with that? I think it has 56 years balance left
  • I am looking for a property lawyers in Hellesdon and they should be on the Bank of Ireland approved conveyancers panel as we need a lease extension and refinance at the same time. Are you able to recommend a lawyers ?
  • I am looking into the costs of carrying out a lease extension for my ground floor flat in Hellesdon, and would like some figures on that.
  • I am considering bidding for an auction property and identified a studio flat in Hellesdon. It only has a 41 year lease..the vendor being mortgagees in possession will not want the aggravation of seeking a lease extension..what are the drawbacks of this except for the expensive fee to put a new lease on it and reduced chance of obtaining a mortgage with Alliance & Leicester ?
  • We had entered into a purchase of a garden flat in Hellesdon. I was advised by the EA that the lease extension had already been completed while on a viewing (sixety years unexpired lease prior to extension). The sales particulars stated "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The flat owner apparently has a quote but no finances to extend as a result the owner intends to exchange and use the deposit monies to extend the lease. My question is as the lease hasn't been extended is there not a danger that it would breach my lenders lease length criteria?
  • My father has a share of freehold, with two other leaseholders in a building in Hellesdon. House split into three flats. He has a lease, which has nearly fivety six years outstanding. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I am hoping to extend the lease on my maisonette in Hellesdon I am looking for a local company to calculate the premium. I have a quote from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
  • 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 sixety seven years. I need a property lawyers at my end. Can you advise please? I live near Hellesdon and have a mortgage with Barclays Direct.
  • I am the freeholder of a Georgian property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 61 years. What are my next steps?
  • I know that others in the same building had already had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of avoiding a formal survey and calculate the initial offer on previous prices . This would save on double valuation charges. Would you suggest such a course of action?
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    Lease Extensions in Hellesdon

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