Questions and Answers: Peterlee Lease Extensions

  • My OH agreed with the freeholder to a lease extension on our flat based in Peterlee, 14.5k for another 90yrs. What's your solicitors fee ?
  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has 72 years remaining.
  • I am looking for a in Peterlee and they should be on the Yorkshire Building Society approved conveyancers panel as we need a lease extension and refinance at the same time. Can you recommend any please ?
  • Hello. I need someone to review my lease extension ahead of it being completed just to make sure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor variations.
  • We are considering buying a three bedroom second floor purpose built flat in Peterlee which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what occurs when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from extending the lease?
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around seventy four years. I need a at my end. Can you advise please? I live near Peterlee and have a mortgage with Virgin Money.
  • I'm living at parents but have a garden flat in Peterlee let out which has a 77 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 Peterlee 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?
  • Coming up to two years that I have owned my studio flat in Peterlee. I have 76 years unexpired lease on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process goes to the tribunal etc)?
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Peterlee for a two bed flat - sec 42 having been issued?
  • I'm seeking some help with regard to extending the lease on my maisonette. I'll be looking to do this next summer as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?

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