Top Ten Questions relating to North Shields and Tynemouth Lease Extensions

  • I’m about to offer on a a property to buy in the North Shields and Tynemouth area and was after more information on how much would it cost for a lease extension? It has 74 years residual lease term...
  • I am looking to purchase a maisonette in North Shields and Tynemouth with a lease of 77 years but not sure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • Ref a residence in North Shields and Tynemouth. upper maisonette. 79 yrs remaining. I have negotiated a lease extension price of £14k for 115yrs. Freeholder also requested Initial Notice which I think should not be required. Can you assist.
  • My partner and I have a one bedroom flat located in North Shields and Tynemouth. There is 80 years unexpired on the lease and we want to extend the lease. How much will it likely cost to get a lease extension by, say,35 years
  • I am looking to buy a one bed flat in North Shields and Tynemouth for asking price of 125k, which has 60 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 question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I would like some help on purchasing a leasehold residence. We hope to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in North Shields and Tynemouth area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • We have owned a leasehold flat for approximately fifteen years. It now has 55 years outstanding on the lease. Following a year of difficult negotiations through my conveyancing practitioners and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would appreciate advice.
  • I am the freeholder of a Georgian property split into two flats. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety four years. What are my next steps?
  • I'm living at parents but have a ground floor flat in North Shields and Tynemouth let out which has a 64 year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in North Shields and Tynemouth for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Not sure sure whether to hold on or sell the flat?
  • I'm looking for some advice with regard to a lease extension on my maisonette in North Shields and Tynemouth. 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. Can you recommend a good property lawyers who specialises in lease extensions?
  • Other Topics

    Lease Extensions in North Shields and Tynemouth

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