Questions and Answers: Monkseaton Lease Extensions

  • I have contacted my freeholder for a lease extension for my flat in Monkseaton. Her lawyers has been in contact concerning costs etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started Septembmer 1986.
  • I inherited a maisonette in Monkseaton. The start date for the lease was in 1991 for 99 years. Now I am looking for a lease extension. I am uncertain about additional expenses, could you tell me please how much I should expect to spend on this?
  • I am going to purchase a flat located in Monkseaton. The offer is conditional upon a lease extension. The owner’s conveyancers has given to the freeholder the Section 42 Notice. 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 Barclays . Moreover, which are the following lease extension steps to complete the purchase?
  • We purchased a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Monkseaton and looking to do a vesting order. Is this something you can help us with?
  • I need to talk to you about a flat in Monkseaton, I am thinking of bidding at auction next month. The flat only has a few years unexpired lease and I wanted to inquire about what it would cost to get a lease extension and for your services.
  • I'm looking for a flat to purchase in Monkseaton and I'm not really familiar with the leasehold tenure. I've identified a two bedroom ground floor purpose built flat I like with a 90 years lease. I've read that I can get a lease extension after a couple of years, but:- Should I anticipate any issue with the mortgage?
  • I am the freeholder of a 1930’s property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 68 years. What are my next steps?
  • Are you able to provide an estimate to extend my mum’s lease on a garden flat in Monkseaton. She already has a figure from the landlord for a lease extension but I am not sure it is too high.
  • I am currently negotiating a lease extension for my flat in Monkseaton 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?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my three bed flat in Monkseaton
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    Lease Extensions in Monkseaton

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