Common questions relating to North Shields and Tynemouth Lease Extensions

  • We are thinking about a lease extension for our two bed flat based in North Shields and Tynemouth and we are confused by the communication that we received from our freehold company. Are you willing to help us with this situation?
  • I agreed with the head landlord for a lease extension on our flat located in North Shields and Tynemouth, 15.5k for a further 90yrs. What's your solicitors fee ?
  • My name´s Harrison. I’m property hunting in North Shields and Tynemouth I'm seeing a studio flat online, with slightly more 73 years remaining, how much will it likely cost to extend in this location by, say, thirty years?
  • I am considering investing in a second home but it has a lease that expires in 14 years. Its in North Shields and Tynemouth - I wanted to see if with your services it is possible for this to be extended?
  • We bought a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in North Shields and Tynemouth and are therefore deliberating the option of a vesting order. Is this something you can do for us?
  • I am thinking about 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 £4k to extend the lease. I will be doing a get a new mortgage with Clydesdale to free up equity. My adviser dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright purchase .The lease commenced in 1972 and since then the ground rent has increased from £15.00 per annum to £300 per annum.
  • I am a FTB of a leasehold flat in North Shields and Tynemouth. The lease has just 78 years unexpired and ground rent is £75. Is it possible for the vendor to serve the Notice of Claim and then transfer this right to me as the purchaser on the day of completion so that I don't have to wait for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the homeowner? To add to the complexity the landlord is absent, so I am not sure how this will play out.
  • I am the owner of a purpose-built flat based in a large block in North Shields and Tynemouth. The leasehold interest in the flat on a 101 year lease started on 1 August 1969 with a fixed ground rent of £25 per annum. I wish to obtain a lease extension. Can I talk with someone to go through my options please?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I have 61 years remaining on my lease of a ground floor flat in North Shields and Tynemouth, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is reasonable

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