Lease Extensions in Wallsend

FAQs concerning Wallsend Lease Extensions

Me and my fiance are thinking about a lease extension for our ground floor flat based in Wallsend and we don't fully understand the letter that we got from our landlord company. Are you willing to help us with this situation?

I have got a leasehold flat in the Wallsend area and was curious if I could get a lease extension. What are your processes and fees. Has fivety five years unexpired

Hi. I need someone to have a look at my lease extension before it's signed just to make sure there's nothing that I haven't seen - it's just a reissue with a few small variations.

I plan on buying a flat based in Wallsend. The offer is subject to the lease extension. The owner’s has given to the freeholder 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 Nottingham Building Society. Moreover, which are the following lease extension steps to complete the purchase?

I'm deliberating over purchasing a ground floor flat (leasehold) but the freeholder has been absent for approximately 15yrs. My question is would it be less expensive to try to acquire the reversionary title or to get a lease extension and apply for right to manage?

I'm looking for an apartment to buy in Wallsend and I'm not really familiar with the leasehold arrangement. I've found a studio flat I like with a 82 years lease. I've read that I can apply for a lease extension after a couple of years, but:- Is this a given?

I am hoping to extend the lease on my one bedroom second floor purpose built flat in Wallsend I am looking for help to verify the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.

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 extending the lease?

Just a quick one, how much is the premium payable for a lease extension on a residential property in Wallsend for a two bed flat - sec 42 is already in place?

I have 66 years remaining on my lease of a ground floor flat in Wallsend, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high

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