Shiremoor Lease Extensions

Shiremoor Lease Extensions: Q and A’s

I have just acquired a maisonette inShiremoor and I'm thinking about extending the lease as soon as I can e.g. after a couple of years

I need to negotiate a lease extension for a flat in Shiremoor and want to use a local . Is there a that you can recommend?

I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 75 years unexpired.

The intention is to sell our one bedroom apartment in Shiremoor but we may need to extend the lease, or at least cover the costs of our purchaser. Can you help me find someone to help us?

I'm thinking of buying a three bed flat (leasehold) but the freeholder has been absent for slightly more than 15yrs. I wonder whether it will be less expensive to try to acquire the reversionary title or to get a lease extension and apply for right to manage?

My co-lessees and I are in a building of three flats in Shiremoor and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?

I am the freeholder of a Edwardian property split into two apartments. I live in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 65 years. What are my next steps?

I'm intent on acquiring an apartment in Shiremoor valued at £210,000 the flat has approaching sixety nine years unexpired on the lease. My offer was conditional upon the lease being extended... .. that was back in November, expecting I'd have moved in before Christmas. The owner has just come back saying that they are prepared to reduce the price by£7k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer

We know that others in the same block had already had a lease extension, and the freeholder seemed reasonable. It therefore appears worth taking risk of avoiding a formal survey and calculate the initial offer on previous prices . This would save on double valuation charges. Is this advisable?

I am currently negotiating a lease extension for my flat in Shiremoor as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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