Common questions relating to Penshaw Lease Extensions

  • My wife and I are seeking a lease extension for our apartment in Penshaw and we are confused by the letter that we got from our landlord company. Can you please assist us with this situation?
  • We agreed with the head landlord to a lease extension on our flat in Penshaw, 9.5k for an extension by 90yrs. How long is the process ?
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 899 years residual lease term so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without owning the property. Any information would be much appreciated.
  • I own a one bedroom ground floor purpose built flat located in Penshaw with a leasehold unexpired of fivety eight years. I am curious about what I will need to spend to extend my lease
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Penshaw, and my lease will reach seventy eight years this December. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I bought a garden flat in Penshaw. The lease started in 1998 for 99 years. Now I am looking for a lease extension. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
  • The terms for the lease on my flat in Penshaw are 99 years from 1 Dec 1990. Please provide me a quote for a lease extension if I give you more information please?
  • My mortgage provider is requesting several hundred pounds for their conveyancers to agree a lease extension for my flat in Penshaw... I can find no mention of this in my mortgage booklet... is this a standard fee to pay?
  • We have been in discussion with our freeholder after having a valuation on our garden flat in Penshaw. We have a seventy three year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a conveyancers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I have a lease of 61 years remaining on my flat in Penshaw. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in Penshaw

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