Top Ten Questions relating to Penshaw Lease Extensions

  • I inherited a flat in Penshaw with a leasehold unexpired roughly 64 years and need a lease extension. Please can you advise me of the next steps
  • I have shares in the freehold of 2 blocks of flats comprising of six flats each. Two of the leaseholders want to extend their leases and I'm enquiring about the procedure for this
  • I invested in buying a property in Penshaw and it has around 66 years unexpired. I'd like to extend the lease period
  • I need to extend my current lease can you assist? My investigation with the Land Registry reveal that it has sixety six years left
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Penshaw, and my lease will reach sixety four years this April. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I am looking to either purchase the freehold or a lease extension of my property in Penshaw and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Chelsea Building Society to release of equity. My adviser dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease started in 1981 and since then the ground rent has been raised from £15.00 per year to £200 per annum.
  • I'm looking for an apartment to purchase in Penshaw and I'm not really familiar with the leasehold concept. I've found a one bedroom second floor purpose built maisonette I like with a 87 years lease. I've read that I can get a lease extension after a couple of years, but:- Is this a given?
  • We would like to extend our lease. We will have been in the flat for two years as of 11th Jan 2016. It has nearon 65 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as possible.
  • My wife and I would like to know the cost of a lease extension valuation for a property based in Penshaw. Is this something you can assist us with?
  • I'm living at mother and father but have a maisonette in Penshaw let out which has a sixety five year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Penshaw for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?

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