Ryton Lease Extensions

Questions and Answers: Ryton Lease Extensions

I invested in buying a flat in Ryton with a leasehold unexpired circa fivety six years and need a lease extension. Please can you advise me of the next stages

I am looking to buy a ground floor flat in Ryton with a lease of 57 years but unsure how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.

I'm considering purchasing a studio flat (leasehold) but the freeholder has been absent for slightly less than 15yrs. My query is would it be less expensive to try to purchase the freehold or to get a lease extension and apply for RTM?

I am about to view a two bedroom apartment, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 73 years residual lease term on the lease. It is also a repo so I'm guessing that the bank will not be interested in extending the lease. My primary concern is would the short lease make it difficult to secure a mortgage?

I am a freeholder of a block of flats in Ryton, and the lessees are in the process of being issued lease extensions. I anticipate receiving the money next week. As I am not on self assessment do I contact the tax authorities ?

I am thinking about buying an auction property and found a studio flat in Ryton. It has just 49 year lease..the vendor being mortgagees in possession will not want to mess around with applying for a lease extension..what are the drawbacks of this except for the expensive fee to extend the lease and reduced chance of getting a mortgage with Chelsea Building Society?

We have a leasehold flat in Ryton with 58 years to run. Ten months ago we were quoted a deal to grant a lease extension for another fifty years but also increase ground rent from nominal to £200 per annum..plus a premium I think of approximately 16k. Finally we have decided to proceed but do we now have to renegotiate?

I am seeking advice as I am interested in a property that has only a 78 year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?

We currently own a garden flat in Ryton and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy five years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Should I contact the freeholder first and will they be able to give me a cost?

We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my studio flat in Ryton

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