Wallsend Lease Extensions

Wallsend Lease Extensions: Q and A’s

I have just bought a garden flat inWallsend and I'm considering extending the lease as soon as I can e.g. after a couple of years

I bought a ground floor flat in Wallsend that I am finding difficult to sell as a result of the lease needing a lease extension. How long will it take ?

I am fairly sure that our has advised us incorrectly concerning a lease extension and I would like to know how to complain

I acquired a property in Wallsend and it has around seventy two years remaining. I'd like to extend the lease period

I am looking for a in Wallsend and they need to be on the Virgin Money approved conveyancers panel as we need a lease extension and refinance at the same time. Can you recommend a ?

I am considering acquiring an auction property and found a studio flat in Wallsend. It has just 41 year lease..the current owner as mortgagees in possession dont want the aggravation of seeking a lease extension..what are the disadvantages of this except for the huge fee to put a new lease on it and decreased chance of getting a mortgage with The Royal Bank of Scotland?

If somebody 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?

My husband and I are are hoping to complete on a one bed flat in Wallsend which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of extending the lease. The owner has submitted the lease extension paperwork to HMLR. A crucial aspect of the house buying process is for our to do a pre-completion search on the property title. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we have to be patient until the lease extension has actually been registered before completing.?

My and my fiance know that others in the same block previously had a lease extension, and the landlord was reasonable. Therefore is seems 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 refinancing my maisonette in Wallsend and the next lender that I am looking to switch to needs at least 85 years on the leasehold of my property in order for them to progress matters. We currently have around 54 years on the leasehold so looking for some help, guidance, and some quotes to set the wheels in motion for a lease extension

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