Top Ten Questions relating to Houghton Le Spring Lease Extensions

  • My name´s Cameron. I’m property hunting in Houghton Le Spring I'm seeing a ground floor flat online, with nearon seventy seven years unexpired lease, how much does it cost on average to get a lease extension by, say, thirty years?
  • Hi. I need someone to have a look at my lease extension prior to it being formalised just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few small amendments.
  • 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?
  • My neighbours and I are in a block of three flats in Houghton Le Spring and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Think I may have made an error, I am searching for a in Houghton Le Spring who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to assist me with?
  • We purchased a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Houghton Le Spring and are therefore considering the option of a vesting order. Is this something you can help us with?
  • I am concerned that my niece might have had the wool pulled over her eyes. She put in an offer on a ground floor flat in Houghton Le Spring, where the lease is about sixety nine years but she was advised by the estate agents that the seller had extended it to 125 years. Only now has she been told the seller was waiting for her to retain conveyancers before commencing with the lease extension. Seems odd to me, also it may take months to sort it all out. What do you think?
  • We have been in discussion with our freeholder after having a valuation on our ground floor flat in Houghton Le Spring. We have a 63 year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure 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.
  • My wife and I are aware that others in the same block previously had a lease extension, and the freeholder seemed amenable. It therefore appears worth taking risk of not having formal valuation and base the initial offer on on the prices by others . This would save on double valuation charges. Would you recommend such a course of action?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my maisonette in Houghton Le Spring

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