Ponteland Lease Extensions

Questions and Answers: Ponteland Lease Extensions

I bought a flat in Ponteland with a leasehold unexpired about 59 years and need a lease extension. Please can you advise me of the next stages

I own a maisonnette and the freehold. My downstairs neighbours have asked to extend the lease what do I need to do?

I'm deliberating over buying a garden flat (leasehold) but the landlord has been missing for nearon 15yrs. My query is would it be less expensive to try to purchase the freehold or to extend lease and apply for right to manage?

My partner and I have a ground floor flat in Ponteland with seventy five years to run. Last year we were quoted a deal to grant a lease extension for a further thirty years but also increase ground rent from nominal to £250 per annum..plus a premium I think of about 16k. We have now decided to proceed but do we now have to renegotiate?

I am in need of a lease extension for my flat in Ponteland and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?

I am looking to buy a one bed flat in Ponteland for asking price of 156k, which has sixety one years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?

I am seeking advice as I am interested in a property that has only a 68 year lease and therefore requires a lease extension. Can I talk with someone to go through my options please?

I am the freeholder of a Georgian property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety five years. What are my next steps?

Just been over two years that I have owned my garden flat in Ponteland. I have 62 yrs remaining on the lease. I am now looking either to purchase a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 450k. 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: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?

If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?

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