Questions and Answers: Sunderland Lease Extensions

  • I need to extend my existing lease can you help me with that? My investigation with the Land Registry reveal that it has 71 years unexpired
  • I am interested in getting a lease extension for a flat in Sunderland and want to use a local conveyancing practitioners. Is there a solicitors that you can recommend?
  • I'm about to make an offer on a house in Sunderland but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Clydesdale giving us the mortgage now?
  • We have seen a house for sale for £215k and we are very keen on but we've just discovered that it is leasehold. There are 798 years left so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any feedback would be much appreciated.
  • I will soon view a two bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has sixety eight years outstanding on the lease. It is also a repo so I'm assuming that the lender will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?
  • Regarding a property in Sunderland. GFF maisonette. seventy yrs left. I have negotiated a lease extension price of £14k for 125yrs. Landlord also insisted on Initial Notice which I think is a bit over the top. Can you assist.
  • My leasehold flat in Sunderland is up for sale and I have a hopefully firm offer. There is 79 years left on the lease and I want to extend the lease. How much does it cost on average to extend in this location by, say,fifty years
  • I am the registered freeholder of a couple of flats. Someone has the lease on the garden flat in Sunderland. I occupy in the upper flat. I was reviewing the land registry documents last night when I noticed that my flat is leasehold. There is sixety two years residual lease term. Is it possible to do a lease extension without using a conveyancers?
  • We know that others in the same building previously had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of not having formal valuation and base the initial offer on previous prices . This would save on double valuation charges. Is this advisable?
  • I am currently in the process of remortgaging my ground floor flat in Sunderland and the bank that I am looking to switch to needs a minimum 85 years remaining on the lease in order for them to take the mortgage forward. I have discovered that I currently have around 60 years on the leasehold so require some help, guidance, and some quotes to get the wheels in motion for a lease extension
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    Lease Extensions in Sunderland

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