Top Ten Questions relating to Monkseaton Lease Extensions

  • I inherited a flat in Monkseaton with a leasehold unexpired about 62 years and need a lease extension. Please can you clarify the next steps
  • I own a leasehold flat in the Monkseaton area and was enquiring if I could obtain a lease extension. What are your processes and charges. Has sixety three years remaining
  • I am looking for a lawyers in Monkseaton and they need to be on the Skipton Building Society approved conveyancers panel as we need a lease extension and refinance at the same time. Are you able to recommend a solicitors ?
  • I'm thinking of purchasing a maisonette (leasehold) but the landlord has been missing for nearly 15yrs. I wonder whether it will be less expensive to try to purchase the reversionary title or to extend lease and apply for right to manage?
  • I am looking to either purchase the freehold or a lease extension of my property in Monkseaton and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with Skipton Building Society to free up equity. The broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold purchase .The lease commenced in 1981 and since then the ground rent has increased from £25.00 per annum to £300 per annum.
  • I'm looking for an apartment to buy in Monkseaton and I'm not really familiar with the leasehold arrangement. I've found a garden flat I like with a 82 years lease. I've read that I can go for a lease extension after 2 years, but:- Is this a given?
  • I am looking to buy a one bed flat in Monkseaton for asking price of 145k, which has 73 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My conveyancing practitioners (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • 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 78 years. I need a conveyancing practitioners at my end. Can you advise please? I live near Monkseaton and have a mortgage with Godiva Mortgages Ltd.
  • I note that your website states the likely fee for dealing with a lease extension is £495. Is that the total cost including vat and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my ground floor flat in Monkseaton
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    Lease Extensions in Monkseaton

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