Common questions relating to Newcastle upon Tyne Lease Extensions

  • Me and my fiance have just acquired a ground floor flat located inNewcastle upon Tyne and I'm deliberating extending the lease as soon as practicable e.g. in 24 months of ownership
  • I’m just looking for a three bed apartment to purchase in the Newcastle upon Tyne area and was wondering how much would it cost for a lease extension? It has 59 years outstanding...
  • I need to negotiate a lease extension for a flat in Newcastle upon Tyne and want to use a local . Are you able to help me find a ?
  • I plan on buying a flat based in Newcastle upon Tyne. The offer is subject to the lease extension. The homeowner’s has given to the freeholder the Notice of Claim. 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 Godiva Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • My mortgage lender requires a £600 fee for their to agree a lease extension for my flat in Newcastle upon Tyne... I can find no mention of this in my mortgage booklet... is this a usual cost that they charge?
  • My dad has a share of freehold, with two other leaseholders in a building in Newcastle upon Tyne. House divided into three flats. He has a lease, which has circa seventy six yrs left. How much would it cost for a lease extension and how many years would he need to extend by?
  • Coming up to two years that I have owned my garden flat in Newcastle upon Tyne. I have 69 years unexpired lease on the lease. I am now looking either to purchase a share of freehold or a lease extension. I acquired the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Newcastle upon Tyne based or any will do fine?
  • I do not need a lease extension but I do need a vesting order on a property I want to purchase in Newcastle upon Tyne. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1854. Its the garden area.
  • I'm looking at acquiring an apartment in Newcastle upon Tyne at a price of £210,000 the flat has approaching sixety three years left on the lease. I put in an offer subject to a lease extension... .. that was back in June, expecting I'd have moved in before now. The owner has just come back saying they are willing to knock £3k off if they don't have to deal with the lease extension. I'm not sure whether that's a good idea
  • We currently own a 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 60 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?

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