Common questions relating to North Shields and Tynemouth Lease Extensions

  • I’m about to offer on a garden flat to buy in the North Shields and Tynemouth area and was after more information on how much would it cost to extend a lease? It has fivety five years unexpired...
  • My partner has an apartment based in North Shields and Tynemouth which we have just put on the market. The leasehold has around seventy seven years remaining on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
  • I am the owner of a maisonnette and the freehold. My upstairs neighbours have asked to extend the lease what do I need to do?
  • I'm looking for an apartment to purchase in North Shields and Tynemouth and I'm not really familiar with the leasehold arrangement. I've found a one bedroom apartment I like with a 90 years lease. My research reveals that I can apply for a lease extension after 2 years, but:- Should I anticipate any issue with my proposed mortgage lender Britannia?
  • We had entered into buying a garden flat in North Shields and Tynemouth. I was informed that the lease had been extended (seventy eight years unexpired lease prior to extension). The sales particulars stated "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The homeowner supposedly has a quote but no money to extend as a result the owner wants to exchange and use the 10% deposit to extend the lease. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • Me and my partner would like to know the cost of a lease extension valuation for a property based in North Shields and Tynemouth. Would you be able to help?
  • Hello I own the freehold title in a 3 bedroom flat in North Shields and Tynemouth. The leaseholder has a 77 year lease and would like to purchase another 125 years. She is offering me £27,000 but I am unsure if this is too low an offer
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in North Shields and Tynemouth for a one bed flat - sec 42 is already in place?
  • I know that others in the same block previously had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of not having formal valuation and calculate the initial offer on previous prices . This would save on double valuation fees. Would you recommend this course of action?

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