Recently asked questions relating to Hurworth Lease Extensions

  • We agreed with the freeholder to a lease extension on our flat based in Hurworth, 7k for an extension by 90yrs. How long is the process ?
  • I have shares in the freehold of buildings comprising of 8 flats each. 2 of the leaseholders want a lease extension and I'm enquiring about the procedure for this
  • I am looking for a lease extension on the lease on my garden flat in Hurworth which will have seventy six years remaining in January. What fees do you charge for this?
  • I am about to put an offer in on a maisonette in Hurworth with a lease of 68 years but not sure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • The terms for the lease on my flat in Hurworth are 99 years from 10 Sep 1988. Can you give me a quote for a lease extension if I give you more details please?
  • I am a FTB of a leasehold flat in Hurworth. The lease has only 76 years outstanding and ground rent is £25. Is it possible for the flat owner to serve the Notice of Claim and then assign over the right to me as the purchaser on the day of completion so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this may be possible but will it be very time costly to the current owner? Unfortunately the freeholder can not be found, so I am not sure how does it work.
  • We would like to extend our lease having owned the property for 2 years as of 11th March 2015. It has nearly 71 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as is reasonably achievable.
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • We currently own a three bedroom second floor purpose built maisonette in Hurworth and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 64 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?

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