North Shields and Tynemouth Lease Extension - Your Legal Fees Calculator
North Shields and Tynemouth Lease Extensions: Q and A’s
I acquired a flat in North Shields and Tynemouth with a leasehold unexpired around seventy seven years and need to extend it. Please can you clarify the next stages
I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has fivety nine years residual lease term.
I am about to put an offer in on a one bedroom apartment in North Shields and Tynemouth with a lease of sixety three years but have no idea how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.
Regarding a property in North Shields and Tynemouth. lower maisonette. fivety nine yrs remaining. I have an agreed lease extension to £20k for 135yrs. Landlord also requested Section 42 Notice which I think is a bit over the top. Advice required.
We have owned a leasehold flat for around fifteen years. It now has 74 years remaining on the lease. After a year of difficult negotiations through my conveyancing practitioners and, mainly, surveyor I now have an offer from the landlord. I now have to make a decision as to whether to accept it or go to LVT and would welcome some independent thoughts.
I do not need a lease extension but I do require a vesting order on a property I want to purchase in North Shields and Tynemouth. The house is freehold but the garden is officially leasehold, 1000 year lease from 1895. Its the rear garden.
If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
We are in the throws of buying a property (a one bedroom apartment based inNorth Shields and Tynemouth with share of freehold). Throughout our search, we were always looking at properties that had a minimum 84 years remaining. We came across a apartment we liked and the selling agent promised us that the lease term was not an issue. This morning our conveyancing practitioners advised us the lease only has 58 years and therefore requires a lease extension. Should we run away, or should 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 the freeholder of a property in North Shields and Tynemouth where the leaseholder has requested a lease extension. Her valuer has provided a figure of £8,000, but has upped this to £10,000 at the drop of a hat. My valuer has put forward a much higher amount. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
I am planning on refinancing my ground floor flat in North Shields and Tynemouth and the new lender that I am looking to move to needs a minimum 80 years on the leasehold of my property in order for them to progress matters. I have discovered that I currently have around 57 years on the leasehold so require some help, guidance, and some quotes to start the lease extension process