Top Ten Questions relating to North Shields and Tynemouth Lease Extensions

  • Hi, I just randomly found this website. I'm looking for prices on what it cost to extend a lease of a studio flat located in North Shields and Tynemouth. It's up for sale at the moment but has approximately 76 years left on the lease
  • 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 72 years outstanding.
  • I bought a garden flat located in North Shields and Tynemouth with a leasehold unexpired of fivety seven years. I am curious about how much it will cost me to extend my lease term
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • My mortgage provider is requesting several hundred pounds for their to agree a lease extension for my flat in North Shields and Tynemouth... I am unable to find any mention of this in my mortgage literature... is this a usual fee to pay?
  • My brother and I are considering buying a garden flat in North Shields and Tynemouth which is a leasehold. I am wondering what are the advantages and disadvantages of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from extending the lease?
  • 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 doing it?
  • I'm hoping for some help with regard to extending the lease on my flat. I'll be looking to do this next summer as we need to move 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. You are able to recommend a good who specialises in lease extensions. Ideally based in North Shields and Tynemouth?
  • We know that others in the same block previously had a lease extension, and the landlord was reasonable. Therefore is seems worth taking risk of avoiding a formal valuation and calculate the initial offer on on the prices by others . This would save on double valuation fees. Is this advisable?
  • I'm looking for some advice with regard to a lease extension on my one bed flat 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 who specialises in lease extensions?

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