Recently asked questions relating to Shiremoor Lease Extensions

  • I just completed on a property in Shiremoor and it has slightly less than 79 years balance left. I'd like to extend the lease period
  • I bought a studio flat in Shiremoor with a leasehold unexpired of sixety three years. I am curious about what it will cost me to extend my leasehold
  • The intention is to sell our studio flat in Shiremoor but we may require a lease extension, or possibly cover the expense of our buyers. Are you able to suggest a solicitors to handle this?
  • I am a landlord of a block of flats in Shiremoor, and the tenants are in the process of being granted lease extensions. I anticipate receiving the money within a month or so. Are there any tax implications, the property is in joint names with my husband ?
  • I am thinking about bidding for an auction property and came upon a studio flat in Shiremoor. It has just 50 year lease..the vendor as mortgagees in possession dont want to mess around with applying for a lease extension..what are the disadvantages of this except for the expensive fee to extend the lease and reduced chance of getting a mortgage with Halifax?
  • My husband and I have a first floor flat in Shiremoor with 66 years unexpired. Ten months ago we were quoted a deal to have a lease extension for another thirty years but also uplift the ground rent from notional to £300 per year..plus a premium I think of about 10k. We have now decided to move forward but do we now have to start the negotiations again?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I commence the process, is this correct?
  • I intend to buy a one bed flat in Shiremoor for asking price of 145k, which has 69 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I note that your website states the anticipated fee for dealing with a lease extension is £495. Is that the total cost including vat and the HMLR fee? The price has already been negotiated with the freeholder for the lease extension for my ground floor flat in Shiremoor
  • We have a two bedroom ground floor purpose built maisonette in Shiremoor with a lease of 69 years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?
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    Lease Extensions in Shiremoor

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