Wallsend Lease Extensions

Sample questions relating to Wallsend Lease Extensions

I am looking for a lease extension on the lease on my studio flat in Wallsend which will have 64 years left in September. What fees do you charge for this?

I need to extend my current lease can you assist? My investigation with the Land Registry reveal that it has sixety nine years residual lease term

I'm intending to make an offer on a house in Wallsend but I'm concerned 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 The Mortgage Works giving us the mortgage now?

I am looking into the costs of carrying out a lease extension for my GFF in Wallsend, and would like some figures on that.

I am looking at buying an auction property and came upon a studio flat in Wallsend. It only has a fifty year lease..the vendor as mortgagees in possession dont want to mess around with negotiating a lease extension..what are the drawbacks of this except for the expensive fee to put a new lease on it and reduced chance of getting a mortgage with Barnsley Building Society?

Re a property in Wallsend. upper maisonette. 66 yrs remaining. I have an agreed lease extension to £14k for 115yrs. Landlord also insisted on Section 42 Notice which I think is a tad over the top. Advice required.

My OH and I are considering purchasing a one bedroom ground floor purpose built maisonette in Wallsend which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what occurs when lease expires, the cost of a lease extension, can the freeholder of the property evict me from my own flat and block me from extending the lease?

My brother has a share of freehold, with two other leaseholders in a building in Wallsend. House divided into three flats. He has a lease, which has circa fivety eight years left. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?

We are in the throws of buying a home (a ground floor flat based inWallsend with share of freehold). During our search, we were always looking at apartments that had a minimum 83 years left. We came across a flat we fell in love with and the selling agent assured that the lease term was not an issue. Today our informed us the lease only has 71 years and therefore requires a lease extension. Should we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

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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