FAQs concerning Jesmond Lease Extensions

  • My OH agreed with the head landlord for a lease extension on our flat based in Jesmond, 6.5k for an extension by 90yrs. Can you please guide us with this situation ?
  • I have just acquired a garden flat located inJesmond 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 interested but we've just discovered that it is leasehold. There are 798 years remaining so a lease extension is not an issue. 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 25 years without the house being ours. Any guidance would be much appreciated.
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Jesmond, and my lease will reach seventy seven years this December. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I'm thinking of purchasing a 2 bed flat (leasehold) but the freeholder has been missing for roughly 15yrs. My query is would it be less expensive to try to acquire the freehold or to extend lease and apply for right to manage?
  • I am considering whether to purchase the freehold or a lease extension of my property in Jesmond and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a refinance with TSB to release of equity. My broker handling the remortgage suggested I get two estimates : one to extend the lease and one for outright acquisition .The lease commenced in 1991 and since then the ground rent has been raised from £38.00 per year to £100 per year.
  • I have a share of the freehold. There are three flats in the house. All the leaseholders are now requiring lease extensions. What's your solicitors fee?
  • I am seeking advice as I am interested in a property that has only a 66 year lease and therefore requires a lease extension. Is it possible for me to call someone to go through my options please?
  • It says on your website the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding vat and the land registry fee? The price has already been agreed with the freeholder for the lease extension for my three bed flat in Jesmond
  • I have 59 years remaining on my lease of a ground floor flat in Jesmond, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
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    Lease Extensions in Jesmond

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