Questions and Answers: Wallsend Lease Extensions

  • We agreed with the head landlord to a lease extension on our flat in Wallsend, 9k for an extension by 90yrs. Are you able to help us with this situation ?
  • I own a leasehold flat in the Wallsend area and was wondering if I could get a lease extension. What are your processes and charges. Has 79 years left
  • I need to extend my current lease can you help me with that? I think it has sixety years left
  • My husband and I have a ground floor flat in Wallsend with 62 years left. Ten months ago we were quoted a deal to receive a lease extension for another 25 years but also increase ground rent from nominal to a little more..plus a premium I think of about 10k. Finally we have decided to proceed but do we now have to start the negotiations again?
  • Offer accepted on a a three bed flat in Wallsend, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as 85 years.Contracts were due to be exchanged in a couple of days. My query is how is possible that the estate agent got it so wrong?
  • I own a purpose-built apartment based in a large development in Wallsend. The leasehold interest in the flat on a ninety five year lease started from 21st August 1970 with a fixed yearly rent of 35. I wish to obtain a lease extension. Can I talk with someone to go through my options please?
  • My property lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My brother and I have been in discussion with our freeholder after having a valuation on our ground floor flat in Wallsend. We have a sixety four year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I'm looking for some help concerning extending the lease on my maisonette. I'll be looking to do this in six months time as we have to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the LVT route. Do I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
  • I am currently negotiating a lease extension for my flat in Wallsend 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?
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    Lease Extensions in Wallsend

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