Frequently asked questions relating to Houghton Le Spring Lease Extensions

  • I inherited a property in Houghton Le Spring and it has slightly less than 76 years balance left. I'd like to arrange a lease extension by twenty years
  • We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 928 years remaining so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any information would be much appreciated.
  • I have been in touch with my freeholder for a lease extension for my flat in Houghton Le Spring. Her lawyers has been in contact regarding costs etc. I need a quote for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started October 1987.
  • I am looking into the costs of carrying out a lease extension for my garden flat in Houghton Le Spring, and would like some figures on that.
  • I will soon view a one bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 58 years residual lease term on the lease. It is also a repossession so I'm guessing that the lender will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?
  • My husband and I have a GFF located in Houghton Le Spring. There is 81 years left on the lease and we want to extend the lease. How much does it cost on average to extend in this area by, say,35 years
  • My son has a share of freehold, with two other leaseholders in a building in Houghton Le Spring. House split into three apartments. He has a lease, which has nearon seventy one years unexpired lease. 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 the freeholder of a Victorian 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 fivety eight years. What are my next steps?
  • Hi I am the freeholder title in a 2 bedroom flat in Houghton Le Spring. The leaseholder has a 60 year lease and would like to purchase an additional 125 years. He is offering me £21,000 but I am unsure if this is a correct amount
  • I own the freehold reversion of a property in Houghton Le Spring where the leaseholder would like a lease extension. Her so called valuation expert has given a figure of £8,000, but has increased this to £10,000 at the drop of a hat. My surveyor has suggested a much higher figure. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
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    Lease Extensions in Houghton Le Spring

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