North Shields Lease Extensions Example Support Desk Enquiries

  • My wife has an apartment located in North Shields which we have just put on the market. The leasehold has just over sixety four years outstanding on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Many thanks.
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 899 years outstanding so a lease extension is not an issue. 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 correct? We wouldn't want to pay a mortgage for twenty years without owning the property. Any help would be much appreciated.
  • Possibly made a mistake, I am searching for a in North Shields who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can assist me with?
  • The terms for the lease on my flat in North Shields are 101 years from 14 Jan 1980. Can you give me a quote for a lease extension if I give you more information please?
  • We acquired a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in North Shields and are therefore considering the option of a vesting order. Is this something you can handle for us?
  • I have my suspicions that my niece is being hoodwinked. She put in an offer on a ground floor flat in North Shields, where the lease is around seventy four years but she was advised by the estate agents that the owner had extended it to 99 years. She has now been informed the flat owner was waiting for her to appoint lawyers ahead of instigating the lease extension. Seems unscrupulous, also it will take a while to sort it all out. Am I reading too much into it?
  • My wife and I have a residential flat in North Shields with 58 years unexpired. Ten months ago we were quoted a deal to receive a lease extension for a further thirty years but also increase ground rent from nominal to a little more..plus a premium I think of approximately 9k. Finally we have decided to move forward but do we now have to renegotiate?
  • It says on your website the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding value added tax and the HMLR fee? The price has already been agreed with the freeholder for the lease extension for my studio flat in North Shields
  • My husband and I are in the throws of buying a home (a three bed flat inNorth Shields with share of freehold). Throughout our search, we were always looking at apartments that had a minimum ninety years left on the lease. We found a apartment we liked and the selling agent assured that the lease term was not an issue. Today our informed us the lease only has sixety five years and thus requires a lease extension. Do we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am currently negotiating a lease extension for my flat in North Shields 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?

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