Recently asked questions relating to Shiremoor Lease Extensions

  • We are thinking about a lease extension for our leasehold house in Shiremoor and we are confused by the communication that we got from our freehold company. How long will it take?
  • I am considering investing in a holiday home but it has a lease that expires in eighteen years. Its in Shiremoor - I wanted to see if with your services this could be extended?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Shiremoor, and my lease will reach 66 years this February. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • My mortgage lender requires a £600 fee for their for a "deed of substituted security" for the lease extension for my flat in Shiremoor... I can find no mention of this in my mortgage contract... is this a standard cost that they charge?
  • I would like some guidance on leasehold property buying. We are going to buy a 1920s 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 let the property?
  • My dad has a share of freehold, with two other leaseholders in a building in Shiremoor. House split into three apartments. He has a lease, which has just under 54 years outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
  • Coming up to two years that I have owned my studio flat in Shiremoor. I have fivety five yrs unexpired lease on the lease. I am now wanting to buy a share of freehold or extend my lease. I purchased the property for 320K, it is now roughly 425k. 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: Is there a benefit in getting a Shiremoor based or any will do fine?
  • I have a freehold of a three bedroom flat in Shiremoor. The leaseholders have sixety four years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • Me and my husband are hoping to acquire a home (a garden flat located inShiremoor with share of freehold). Throughout our search, we were always looking at flats that had a minimum 84 years outstanding. We found a apartment we fell in love with 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 59 years and therefore needs a lease extension. Should we walk away, or do we reduce our offer?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bed flat in Shiremoor

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