Common questions relating to Houghton Le Spring Lease Extensions

  • My wife and I have just acquired a two bedroom first floor purpose built maisonette based inHoughton Le Spring and I'm thinking about a lease extension as soon as practicable e.g. in 24 months of ownership
  • We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 798 years left so a lease extension is not a worry. 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 twenty years without owning the property. Any help would be much appreciated.
  • In 2012 I purchased a leasehold apartment in Houghton Le Spring. I have built a big extension and have not informed the leaseholder. What should I do?
  • I am concerned that my daughter might be having the wool pulled over her eyes. She submitted an offer on a one bedroom apartment in Houghton Le Spring, where the lease is slightly less fivety seven years but she was advised by the estate agents that the owner had extended it to 125 years. Only now has she been told the current owner was waiting for her to appoint solicitors prior to commencing with the lease extension. Seems odd to me, also it will take months to sort it all out. Am I reading too much into it?
  • We have a first floor flat in Houghton Le Spring with 56 years left. Ten months ago we were quoted a deal to receive a lease extension for another fifty years but also uplift the ground rent from nominal to a little more..plus a premium I think of approximately 16k. We have now decided to go ahead but do we now have to renegotiate?
  • I would like some guidance on purchasing a leasehold residence. We plan to buy a link detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Houghton Le Spring area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • It says on your website the anticipated fee to extend a lease is £495. Is that the total cost including vat and the HMLR fee? The price has already been negotiated with the freeholder for the lease extension for my studio flat in Houghton Le Spring
  • Me and my wife are are hoping to complete on a studio flat in Houghton Le Spring which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced extending the lease. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the house buying process is for our to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we have to be patient until the new lease is registered?
  • Are you able to provide an estimate to extend my mum’s lease on a maisonette in Houghton Le Spring. She already has a price from the freeholder for a lease extension but I am not sure it is reasonable.
  • I have a lease of seventy eight years remaining on my flat in Houghton Le Spring. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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