FAQs concerning Seaburn Lease Extensions

  • We have seen a house for sale for £195k and we are very interested but we've just discovered that it is leasehold. There are 798 years unexpired so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any advice would be much appreciated.
  • I am looking for a in Seaburn and they need to be on the Barclays Direct approved conveyancers panel as we need a lease extension and remortgage at the same time. Can you recommend any please ?
  • My mortgage provider is requesting a £600 fee for their to agree a lease extension for my flat in Seaburn... I can find no mention of this in my mortgage booklet... is this a standard cost that they charge?
  • I am a freeholder of a block of flats in Seaburn, and the tenants are in the process of being granted lease extensions. I anticipate receiving funds next week. How does the tax work, the property is in joint names with my partner ?
  • My husband and I are considering purchasing a one bedroom apartment in Seaburn which is a leasehold. I am wondering what are the pros and cons of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
  • My son has a share of freehold, with two other leaseholders in a building in Seaburn. House converted into three apartments. He has a lease, which has around 64 years unexpired lease. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • We would like to know the cost of a lease extension valuation for a property based in Seaburn. Would you be able to help?
  • 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 extending the lease?
  • I'm hoping for some help with regard to a lease extension on my flat. I'll be looking to do this in nine months time as we have 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 tribunal route. Do 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?
  • Do you handle lease extensions on land? (a plot of land in Seaburn with 82yrs remaining)

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