FAQs concerning Hexham Lease Extensions

  • We agreed with the head landlord for a lease extension on our flat in Hexham, 6.5k for an extension by 90yrs. How long is the process ?
  • My wife has an apartment based in Hexham which we are about to put on the market. The leasehold has nearon 75 years unexpired on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Hexham, and my lease will reach seventy seven years this December. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I am going to purchase a flat based in Hexham. The offer is subject to the lease extension. The current owner’s has served the Section 42 Notice. 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 Coventry Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I intend to buy a one bed flat in Hexham for asking price of 145k, which has seventy four years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • We have owned a leasehold flat for about eighteen years. It now has fivety six years unexpired lease on the lease. After a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate some independent thoughts.
  • I am planning to extend the lease on my one bedroom apartment in Hexham I am looking for a local company to calculate the premium. I have a price from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • Even though I may not need a lease extension but I do require a vesting order on a property I want to acquire in Hexham. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the rear garden.
  • If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • I'm looking for some advice with regard to a lease extension on my one bedroom apartment in Hexham. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good who specialises in lease extensions?

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