Sunderland Lease Extensions

Frequently asked questions relating to Sunderland Lease Extensions

I’ve just acquired a one bedroom apartment located inSunderland and I'm considering extending the lease as soon as possible e.g. in 24 months of ownership

I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has sixety two years outstanding.

I own a maisonnette together with the freehold title. My downstairs neighbours have asked for a lease extension what do I need to do?

I plan on buying a flat in Sunderland. The offer is conditional upon a lease extension. The homeowner’s has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Britannia. Moreover, which are the following lease extension steps to complete the purchase?

I wondered if you could help me on how much it would expense and the optimum way to get a lease extension started? I have slightly less than 54 years remaining and I own a garden flat in Sunderland.

I am a landlord of a block of flats in Sunderland, and the lessees are in the process of being issued 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 wife ?

I am looking to buy a one bed flat in Sunderland for asking price of 145k, which has fivety nine years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?

I have fivety five years remaining on my lease of a ground floor flat in Sunderland, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable

I am currently negotiating a lease extension for my flat in Sunderland 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?

I have a lease of seventy two years remaining on my flat in Sunderland. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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