Top Ten Questions relating to North Shields Lease Extensions

  • I bought a property in North Shields and it has nearon sixety one years balance left. I'd like to arrange a lease extension by twenty years
  • I need to extend my current lease can you help me with that? I think it has seventy three years left
  • I bought a ground floor flat based in North Shields with a leasehold unexpired of seventy three years. I am wondering about how much I will need to spend to extend my leasehold
  • I am looking to purchase a one bedroom apartment in North Shields with a lease of seventy years but unsure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I am concerned that my niece might have had the wool pulled over her eyes. She put in an offer on a ground floor flat in North Shields, where the lease is circa 63 years but she was advised by the estate agents that the homeowner had extended it to 125 years. Only now has she been advised the seller was holding off for her to retain lawyers prior to commencing with the lease extension. Sounds underhand, also it may take time to sort it all out. What do you think?
  • I am thinking about purchasing an auction property and came upon a studio flat in North Shields. It only has a 41 year lease..the seller as mortgagees in possession will not want to mess around with seeking a lease extension..what are the drawbacks of this except for the costly fee to extend the lease and decreased chance of obtaining a mortgage with Britannia?
  • Me and my husband are considering purchasing a maisonette in North Shields which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease ends, the cost of a lease extension, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
  • I do not need a lease extension but I do require a vesting order on a property I want to purchase in North Shields. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1889. Its the garden area.
  • We have been in discussion with our freeholder after having a valuation on our two bedroom first floor purpose built flat in North Shields. We have a 55 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • Me and my husband are in the throws of buying a property (a three bedroom first floor purpose built flat based inNorth Shields with share of freehold). Throughout our search, we were always looking at flats that had at least ninety years left. We came across a place we liked and the selling agent assured that the lease term was not an issue. Yesterday our advised us the lease only has 69 years and therefore needs a lease extension. Should 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?

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