Roker Lease Extensions

Questions and Answers: Roker Lease Extensions

My OH and I are looking for lease extension for our ground floor flat based in Roker and we don't fully comprehend the letter that we received from our freehold company. Can you please help us with this situation?

I am considering investing in a holiday home but it has a lease that expires in twenty years. Its in Roker - I wanted to see if with your services this could be extended?

I want to buy a leasehold property and lease extension. The seller has been there for four years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

I bought a garden flat in Roker with a leasehold unexpired of 75 years. I am wondering about how much I will need to spend to extend my lease

We are proceeding with buying a studio flat in Roker. I was advised that the lease had been lengthened (sixety nine years outstanding prior to extension). The description on the listing said "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The current owner apparently has a quote but no finances to extend as a result the vendor wants to exchange and use the deposit monies for the lease extension. My question is is it not odd that my failed to spot this far earlier than just before exchange?

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

Me and my husband have been in discussion with our freeholder after having a valuation on our garden flat in Roker. We have a sixety five year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that he 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.

Me and my partner are hoping to purchase a flat (a studio flat located inRoker with share of freehold). During our search, we were always looking at apartments that had a minimum 84 years residual lease term. We found a flat we liked and the estate agent promised us that the lease was long albeit not specifying a number. This morning our advised us the lease only has seventy years and thus requires a lease extension. Should we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

I am currently negotiating a lease extension for my flat in Roker as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

I'm looking for some advice with regard to a lease extension on my two bedroom ground floor purpose built flat in Roker. I'll be looking to do this sometime next year as we need to move at some point 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 tribunal route. Should I look to extend it 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 Roker