Questions and Answers: Jesmond Lease Extensions

  • We are seeking a lease extension for our two bed flat based in Jesmond and we don't fully comprehend the letter that we received from our landlord company. How long will it take?
  • Hi, I am looking somewhere around or in Jesmond 8-10 years lease remaining houses. I dont know if I am on the correct site. Can I find lease remaining houses from here?
  • We would like to extend our lease. We will have been in the property for two years as of 1st April 2016. It has around 66 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as possible.
  • We have owned a leasehold flat for approximately eighteen years. It now has fivety four years unexpired lease on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would welcome some independent thoughts.
  • 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 76 years. I need a at my end. Can you advise please? I live near Jesmond and have a mortgage with Britannia.
  • I'm seeking some assistance concerning a lease extension on my maisonette. The plan is to do this sometime next year as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?
  • I have seventy two years remaining on my lease of a ground floor flat in Jesmond, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • I am currently negotiating a lease extension for my flat in Jesmond as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
  • We have a maisonette in Jesmond with a lease of sixety two years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?
  • I have a lease of 58 years remaining on my flat in Jesmond. 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?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Jesmond