Lease Extensions in Penshaw

Top Ten Questions relating to Penshaw Lease Extensions

I agreed with the freeholder to a lease extension on our flat based in Penshaw, 14.5k for an extension by 90yrs. Can you please assist us with this situation ?

I have an interest in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leasehold owners want to extend their leases and I'm curious about the procedure for this

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 £2500 to extend the lease. I will be doing a get a new mortgage with Britannia to release of equity. The broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease started in 1979 and since then the ground rent has been raised from £15.00 per annum to £300 per annum.

My wife and I have a first floor flat in Penshaw with seventy seven years left. Last year we were quoted a deal to grant a lease extension for a further fifty years but also uplift the ground rent from notional to £250 per year..plus a premium I think of about 14k. Finally we have decided to move forward but do we now have to renegotiate?

We would like to extend our lease. We will have been in the flat for two years as of 1st Feb 2015. It has slightly more than 75 years remaining currently. Hoping to get a lease extension with a further 90 years as quickly and stress free as is reasonably achievable.

Offer accepted on a a three bedroom ground floor purpose built maisonette in Penshaw, were told numerous times by the EA that the lease had over 100 years, we have just had our mortgage offer sent through which states the lease as 82 years.We are about to exchange contracts in a couple of days. My query is Have the estate agents breached any law by misrepresenting the position concerning the lease term?

I am planning to extend the lease on my studio flat in Penshaw I am looking for a local company to calculate the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.

Although I do not need a lease extension but I do need a vesting order on a property I want to acquire in Penshaw. The house is freehold but the garden is officially leasehold, 1000 year lease from 1889. Its the rear garden.

My partner and I have been in discussion with our freeholder after having a valuation on our studio flat in Penshaw. We have a 67 year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she 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 to handle this for us. Can you please provide me what your costs would be to act on our behalf.

I have a lease of sixety one 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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