Questions and Answers: Jarrow Lease Extensions

  • Hello, I just randomly found this site. I'm looking for prices on what it cost to extend a lease of a ground floor flat located in Jarrow. It's on sale at the moment but has nearly 68 years of unexpired leasehold
  • I own a leasehold flat in the Jarrow area and was curious whether I could get a lease extension. What are your processes and charges. There are 65 years balance left
  • I want to acquire a leasehold property and lease extension. The seller has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I am going to purchase a flat located in Jarrow. The offer is subject to the lease extension. The homeowner’s has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Britannia. Moreover, which are the following lease extension steps to complete the purchase?
  • I am about to view a two bedroom apartment, although not exactly my dream 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 72 years remaining on the lease. It is also a repossession so I'm assuming that the bank will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • I wondered if you could help me on how much it would financials and the best way to start the lease extension process? I have just under seventy five years unexpired lease and I own a maisonette in Jarrow.
  • My husband and I are considering buying a garden flat in Jarrow which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from extending the lease?
  • Coming up to two years that I have been in my garden flat in Jarrow. I have fivety four years left on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Jarrow based or any will do fine?
  • Me and my OH are are hoping to complete on a one bedroom ground floor purpose built maisonette in Jarrow which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced dealing with a lease extension. 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 pre-completion 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 has not been issued. Is it correct that we must be patient pending registration of the new lease?
  • Are you able to provide an estimate to extend my mum’s lease on a garden flat in Jarrow. She already has a price from the landlord for a lease extension but I am far from certain if it is reasonable.

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