Recently asked questions relating to South Shields Lease Extensions

  • I am looking at investing in a holiday home but it has a lease that expires in eighteen years. Its in South Shields - I wanted to see if with your services it is possible for this to be extended?
  • I have a leasehold flat in South Shields. I have built a big extension and have not informed my leaseholder. What are my options?
  • I am a freeholder of a block of flats in South Shields, and the lessees are in the process of being given lease extensions. I should hopefully get the money within a month or so. How does the tax work, the property is co-owned with my husband ?
  • My leasehold flat in South Shields is up for sale and I have a hopefully firm offer. There is 79 years unexpired on the lease and I want to extend the lease. What does it cost on average to get a lease extension by, say,fifty years
  • If a leaseholder owns a flat with a lease of under 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 doing it?
  • I am currently in the process of remortgaging my ground floor flat in South Shields and the mortgage company that I am looking to switch to needs a minimum 80 years on the leasehold of my property in order for them to progress matters. I have found that I currently have around 54 years on the leasehold so require some help, guidance, and some quotes to start the lease extension process
  • We currently own a three bed flat in South Shields and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy three years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Can you offer some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
  • I have sixety one years remaining on my lease of a ground floor flat in South Shields, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • Do you handle lease extensions on land? (a plot of land in South Shields with 82yrs remaining)
  • We have a garden flat in South Shields with a lease of seventy seven years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?

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