Common questions relating to Houghton Le Spring Lease Extensions

  • 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?
  • I am the owner of a maisonnette together with the freehold. The owners of the downstairs flat have asked for a lease extension what do I need to do?
  • I'm planning on purchasing a one bedroom apartment (leasehold) but the landlord has been absent for just over 15yrs. I wonder whether it will be cheaper to try to buy the reversionary title or to extend lease and apply for right to manage?
  • In 2012 I purchased a leasehold apartment in Houghton Le Spring. I have built a huge extension and have not informed the freeholder. What should I do?
  • I'm looking for a flat to buy in Houghton Le Spring and I'm not really familiar with the leasehold tenure. I've identified a 2 bed flat I like with a 87 years lease. I've read that I can go for a lease extension after a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Yorkshire Building Society?
  • My flat in Houghton Le Spring is up for sale and I have a hopefully firm offer. There is 79 years unexpired on the lease and I want a lease extension. How much does it cost on average to get a lease extension by, say,35 years
  • We are considering buying a two bedroom ground floor purpose built maisonette in Houghton Le Spring which is a leasehold. I am wondering what are the advantages and disadvantages of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from extending the lease?
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around sixety three years. I need a at my end. Can you advise please? I live near Houghton Le Spring and have a mortgage with Birmingham Midshires.
  • I am the freeholder of a Georgian property split into two flats. 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 56 years. What are my next steps?
  • I'm looking at acquiring an apartment in Houghton Le Spring at a price of £256,000 the flat has just under seventy eight years left on the lease. I put in an offer subject to a lease extension... .. that was back in August, hoping I'd have moved in before now. They have just come back saying they'll reduce the price by£7k if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer

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