Recently asked questions relating to North Shields and Tynemouth Lease Extensions

  • I have shares in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leasehold owners want a lease extension and I'm enquiring about the procedure for this
  • I want to acquire a leasehold property and extend the lease. The seller has been there for three years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I have been in touch with my freeholder for a lease extension for my flat in North Shields and Tynemouth. His has been in contact regarding charges etc. I need a quote for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started February 1990.
  • I am going to purchase a flat based in North Shields and Tynemouth. My offer is conditional upon a lease extension. The homeowner’s has given to the freeholder the Section 42 Notice. 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 Platform Home Loans Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • I am considering whether to purchase the freehold or a lease extension of my property in North Shields and Tynemouth and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a refinance with Virgin Money to release of equity. The broker dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright purchase .The lease began in 1972 and since then the ground rent has increased from £15.00 per annum to £100 per annum.
  • I would like some advice on purchasing a leasehold residence. We plan 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 let the property?
  • I am the freeholder of a Georgian property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current fivety seven years. What are my next steps?
  • I require an estimate to extend my mother’s lease on a one bedroom apartment in North Shields and Tynemouth. She recently got a figure from the freeholder for a lease extension but I am unclear whether it is too expensive.
  • We currently own a ground floor flat in North Shields and Tynemouth 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 61 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. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in North Shields and Tynemouth

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