Top Ten Questions relating to Newcastle upon Tyne Lease Extensions

  • I bought a flat in Newcastle upon Tyne with a leasehold unexpired slightly more than 75 years and need a lease extension. Please can you advise me of the next steps
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has sixety three years outstanding.
  • I need to talk to you about a flat in Newcastle upon Tyne, I am considering bidding at auction next month. The flat only has a few years remaining and I am curious about how much it would cost to get a lease extension and for your services.
  • How much will it cost me and what is the best way to start the lease extension process? I have around sixety six years remaining on my lease on a garden flat in Newcastle upon Tyne. I have called the agent who represent the landlord and they gave me the number for the valuer. I have contacted the surveyor but I am not receiving any kind of answer.
  • I am the freeholder of a 1930’s property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety three years. What are my next steps?
  • Although I do not need a lease extension but I do require a vesting order on a property I want to acquire in Newcastle upon Tyne. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the garden area.
  • I own the freehold of a 2 bedroom flat in Newcastle upon Tyne. The leaseholders have 59 years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
  • My wife and I are aware that others in the same building had already had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of not having formal valuation and base the initial offer on previous premiums paid . This would save on double valuation fees. Would you suggest this course of action?
  • 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?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my garden flat in Newcastle upon Tyne

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