Frequently asked questions relating to Jarrow Lease Extensions

  • My name´s Ibrahim. I’m flat hunting in Jarrow I'm thinking about offering on a ground floor flat online, with roughly sixety two years remaining, how much does it cost on average to get a lease extension by, say, ninety years?
  • I have shares in the freehold of 2 blocks of flats comprising of six flats each. Two of the leaseholders want to extend their leases and I'm curious about the the process
  • I am looking at investing in a holiday home but it has a lease that expires in eighteen years. Its in Jarrow - I wanted to see if with your services it is possible for this to be extended?
  • I'm looking for an apartment to buy in Jarrow and I'm not really familiar with the leasehold arrangement. I've identified a garden flat I like with a 82 years lease. My research reveals that I can apply for a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Accord Mortgages Ltd?
  • I am concerned that my daughter might be having the wool pulled over her eyes. She put in an offer on a maisonette in Jarrow, where the lease is nearly 78 years but she was told by the estate agents that the homeowner had extended it to 125 years. Only now has she been informed the homeowner was holding off for her to instruct lawyers before commencing with the lease extension. Sounds underhand, also it may take a while to sort it all out. Am I being too sceptical?
  • We are looking to extend our lease. We will have been in the apartment for 2 years as of 22nd May 2016. It has around 72 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as possible.
  • My father has a share of freehold, with two other leaseholders in a building in Jarrow. House converted into three flats. He has a lease, which has roughly 71 years left. How much would it cost for a lease extension and how many years would he need to extend by?
  • We are in the throws of buying a property (a one bedroom apartment located inJarrow with share of freehold). During our search, we were always looking at flats that had a minimum 83 years unexpired. We identified a place we fell in love with and the estate agent assured that the lease term was not an issue. Yesterday our lawyers advised us the lease only has sixety four years and therefore needs a lease extension. Should we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am the registered freeholder of a couple of flats. Someone has the lease on the ground flat in Jarrow. I occupy in the upper flat. I was looking at the land registry documents yesterday when I noticed that my flat has a lease on it. There is seventy four years outstanding. If I want to do a lease extension then would I just be paying for the conveyancers costs?
  • My mum knows that others in the same building previously had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of avoiding a formal survey and calculate the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you suggest this course of action?
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    Lease Extensions in Jarrow

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