Houghton Le Spring Lease Extensions Example Support Desk Enquiries

  • I bought a flat in Houghton Le Spring with a leasehold unexpired nearon fivety eight years and need a lease extension. Please can you advise me of the next steps
  • I have got a leasehold flat in the Houghton Le Spring area and was curious if I could obtain a lease extension. What are your processes and fees. Has seventy eight years remaining
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • The intention is to sell our two bedroom second floor purpose built flat in Houghton Le Spring but we may need to extend the lease, or possibly cover the costs of our buyers. Can you suggest someone to undertake the legal formalities?
  • I am looking to either purchase the freehold or a lease extension of my property in Houghton Le Spring and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with Barnsley Building Society to release of equity. The adviser handling the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease began in 1991 and since then the ground rent has increased from £25.00 per year to £125 per annum.
  • I am a FTB of a leasehold flat in Houghton Le Spring. The lease has only 70 years unexpired and ground rent is £75. Is it possible for the vendor to serve the Initial Notice and then assign over the right to me as the buyer on the day of completion so that I don't have to wait for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the owner? To add to the complexity it’s the case of an missing freeholder, so I am not sure how this will play out.
  • My mortgage provider is requesting a £450 fee for their for a "deed of substituted security" for the lease extension for my flat in Houghton Le Spring... I am unable to find any mention of this in my mortgage contract... is this a standard fee to pay?
  • I'm living at mother and father but have a two bedroom second floor purpose built flat in Houghton Le Spring let out which has a 58 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Houghton Le Spring for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Not sure sure whether to hold on or sell the flat?
  • We have been in discussion with our freeholder after having a valuation on our garden flat in Houghton Le Spring. We have a 63 year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • We have a one bedroom first floor purpose built maisonette in Houghton Le Spring with a lease of seventy nine years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?

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