Tynemouth Lease Extensions: Q and A’s

  • 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 fivety five years unexpired.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Tynemouth, and my lease will reach seventy five years this April. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • My neighbours and I are in a building of four flats in Tynemouth and have been offered to buy the freehold for £5000 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 need to talk to you about an apartment in Tynemouth, I am thinking of bidding at auction next week. The flat has a short lease and I was wondering about what it would cost to get a lease extension and for your services.
  • My mortgage provider requires a £450 fee for their to agree a lease extension for my flat in Tynemouth... I am unable to find any reference of this in my mortgage guide... is this a normal cost that they charge?
  • I am a freeholder of a block of flats in Tynemouth, and the lessees are in the process of being granted lease extensions. I anticipate receiving funds next month. As I am not on self assessment do I contact the Inland Revenue ?
  • I am the owner of a purpose-built apartment located in a large block in Tynemouth. The leasehold interest in the apartment on a 101 year lease which commenced from 21st October 1969 with a set ground rent of £10 per annum. I would like to obtain a lease extension. Can I call someone to go through my options please?
  • We know that others in the same block had already had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on previous prices . This would save on double valuation charges. Would you suggest this course of action?
  • I am planning on remortgaging my 2 bed flat in Tynemouth and the mortgage company that I am looking to switch to requires at least 85 years remaining on the lease in order for them to take the mortgage forward. We currently have around sixety one years on the leasehold so require some help, guidance, and some quotes to start the lease extension process
  • We have a three bed flat in Tynemouth with a lease of seventy five years left with a value of around £290000 we want to add 90 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 Tynemouth