FAQs concerning Penshaw Lease Extensions

  • I acquired a flat in Penshaw with a leasehold unexpired around 76 years and need to extend it. Please can you clarify the next steps
  • Hi, I just randomly found your website. I'm looking for prices on what a lease extension will cost for a one bedroom apartment located in Penshaw. It's up for sale at the moment but has nearon sixety five years of unexpired leasehold
  • We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 899 years left so a lease extension is not a concern. 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 25 years without the house being ours. Any information would be much appreciated.
  • I am the owner of a maisonnette together with the freehold title. My downstairs neighbours have asked for a lease extension what do I need to do?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Penshaw, and my lease will reach 66 years this January. 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 am going to purchase a flat based in Penshaw. My offer is subject to the lease extension. The flat owner’s has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender The Royal Bank of Scotland. Moreover, which are the following lease extension steps to complete the purchase?
  • My neighbours and I are in a building made up five flats in Penshaw and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I am seeking advice as I am interested in a property that has only a 74 year lease and therefore requires a lease extension. Can I call someone to discuss my options please?
  • My father has a share of freehold, with two other leaseholders in a building in Penshaw. House divided into three flats. He has a lease, which has around 64 years remaining. How much would it cost for a lease extension and how many years would he need to extend by?
  • We have a studio flat in Penshaw with a lease of sixety two years left with a value of around £370000 we want to add 125 years to it, how much is that likely to cost?

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