Top Ten Questions relating to Monkseaton Lease Extensions

  • I purchased a one bedroom apartment in Monkseaton that I am finding difficult to sell due to the lease requiring a lease extension. How long will it take ?
  • I’m about to offer on a maisonette to purchase in the Monkseaton area and was interested in finding out what the likely fees would be to extend a lease? It has sixety one years as a balance left...
  • I invested in buying a flat in Monkseaton with a leasehold unexpired around 59 years and need a lease extension. Please can you clarify the next steps
  • I own a 2 bed flat located in Monkseaton with a leasehold unexpired of sixety seven years. I am curious about how much it will cost me to extend my leasehold
  • I have contacted my freeholder to extend my lease for my flat in Monkseaton. His has been in contact with fees etc. I need an estimate for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started December 1987.
  • I bought a garden flat in Monkseaton. The lease commenced in 1991 for 99 years. Now I am looking to extend the lease. I am uncertain about additional expenses, could you tell me please how much I should expect to spend on this?
  • I am deliberating whether to 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 £4k to extend the lease. I will be doing a remortgage with Norwich and Peterborough Building Society to release of equity. My adviser handling the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease began in 1981 and since then the ground rent has been raised from £25.00 per year to £100 per annum.
  • We are proceeding with buying a three bedroom second floor purpose built maisonette in Monkseaton. I was told that the lease had been extended (fivety four years outstanding prior to extension). The description on the listing stated "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The seller apparently has a quote but no money to extend and consequently the current owner intends to exchange and use the my deposit to extend the lease. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • I am looking to extend the lease on my garden flat in Monkseaton I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • Although I do not need a lease extension but I do require a vesting order on a property I want to buy in Monkseaton. The house is freehold but the garden is officially leasehold, 1000 year lease from 1854. Its the garden area.

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