FAQs concerning Newcastle upon Tyne Lease Extensions

  • Me and my husband have just completed on a 2 bed flat located inNewcastle upon Tyne and I'm considering a lease extension as soon as practicable e.g. in 24 months of ownership
  • My name´s Alexander. I’m property hunting in Newcastle upon Tyne I'm thinking about offering on a one bedroom apartment online, with just over sixety six years remaining, how much will it likely cost to extend in this area by, say, 35 years?
  • Hi, I just randomly found your site. I'm looking for prices on what it cost to extend a lease of a garden flat based in Newcastle upon Tyne. It's on the market at the moment but has about seventy eight years of unexpired leasehold
  • I am looking to purchase a one bedroom apartment in Newcastle upon Tyne with a lease of 58 years but have no idea what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • We have a ground floor flat in Newcastle upon Tyne with 57 years to run. Last year we were quoted a deal to receive a lease extension for a further 25 years but also uplift the ground rent from notional to £300 per year..plus a premium I think of approximately 9k. We have now decided to move forward but do we now have to renegotiate?
  • I am looking to buy a one bed flat in Newcastle upon Tyne for asking price of 156k, which has 57 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Newcastle upon Tyne for a three bed flat - sec 42 is already served?
  • We currently own a three bedroom ground floor purpose built maisonette in Newcastle upon Tyne and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 57 years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Newcastle upon Tyne 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'm looking for some advice with regard to a lease extension on my garden flat in Newcastle upon Tyne. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Newcastle upon Tyne