Lease Extensions in Morpeth

Questions and Answers: Morpeth Lease Extensions

40k agreed with the landlord’s agents, just attempting to find a Morpeth for a lease extension. Our lease has just over sixety four yrsunexpired lease. What's your solicitors fee ?

So this is the scenario: I am the registered owner of a ground floor flat in Morpeth that I am finding difficult to sell due to the lease needing a lease extension. Can you please help me with this situation ?

We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 899 years balance left so a lease extension is not required. 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 owning the property. Any help would be much appreciated.

I acquired a garden flat located in Morpeth with a leasehold unexpired of 61 years. I am curious about how much I will need to spend to extend my lease term

I'm looking for a flat to buy in Morpeth and I'm not really familiar with the leasehold arrangement. I've identified a garden flat I like with a 87 years lease. My research reveals that I can apply for a lease extension having owned the property for 2 years, but:- Is this a given?

I an interested in finding out more about leasehold property buying. We plan to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Morpeth area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?

We would like to know the cost of a lease extension valuation for a property based in Morpeth. Would you be able to help?

Hello I own the freehold title in a 2 bedroom flat in Morpeth. The leaseholder has a 73 year lease and would like to purchase further 90 years. She is offering me £18,000 but I am unsure if this is too low an offer

I am currently negotiating a lease extension for my flat in Morpeth 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 have a lease of 63 years remaining on my flat in Morpeth. 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?

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