Top Ten Questions relating to Shiremoor Lease Extensions

  • My wife agreed with the head landlord to a lease extension on our flat located in Shiremoor, 12.5k for another 90yrs. How long is the process ?
  • I’ve just purchased a one bedroom apartment inShiremoor and I'm considering a lease extension as soon as practicable e.g. in 24 months of ownership
  • I am the owner of a maisonnette together with the freehold of both flats. The owners of the downstairs flat have asked to extend the lease what do I need to do?
  • The terms for the lease on my apartment in Shiremoor are 101 years from 1 Dec 1990. Please supply me me a quote to extend the lease if I give you more specifics please?
  • I am a FTB of a leasehold flat in Shiremoor. The lease has just 57 years outstanding and ground rent is £25. Is it possible for the owner to serve the Section 42 Notice and then assign over the right to me as the buyer once I complete the buying process so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time consuming to the owner? Unfortunately it’s the case of an absent freeholder, so I am not sure how this will play out.
  • I would like some guidance on purchasing a leasehold residence. We are going to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Shiremoor area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • I am the freeholder of a 1930’s property split into two flats. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 63 years. What are my next steps?
  • My wife and I are buying a garden flat in Shiremoor which has share of freehold and a leasehold. The lease was on the short side so the owner is in the process of extending the lease. The seller has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our solicitors to do a pre-completion search on the lease. The problem here is that as a lease extension has been submitted we've been told by our property lawyers it may not be possible to do this "priority search" right now as the new property title number is not known. Is it right that we have to be patient until the lease extension has actually been registered before completing.?
  • My aunt is worried about seeking a lease extension from a difficult landlord. Even though the legal procedures were adhered to under the appropriate legislation, the freeholder still attempted to charge ground rent of £300 increasing by 100% every twenty years of the new term. Can you assist?
  • We have a garden flat in Shiremoor with a lease of 58 years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?
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    Lease Extensions in Shiremoor

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