Whickham Lease Extensions

Frequently asked questions relating to Whickham Lease Extensions

Hello, I stumbled upon your site. I'm looking for prices on what it cost to extend a lease of a ground floor flat in Whickham. It's on sale at the moment but has roughly seventy five years left on the lease

I plan on buying a flat in Whickham. The offer is subject to the lease extension. The seller’s has given to the freeholder the Section 42 Notice. 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 Barnsley Building Society. Moreover, which are the following lease extension steps to complete the purchase?

We are in a building containing three flats in Whickham and have been offered to buy the freehold for 8k 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?

How much will I need to spend and what is the best way to get a lease extension started? I have around seventy two years outstanding on my lease on a garden flat in Whickham. I have emailed the agent who act on behalf of the head landlord and they gave me the number of the surveyor. I have contacted the valuer but I am not getting any returned calls.

My husband and I have a leasehold flat in Whickham with fivety four years to run. Ten months ago we were quoted a deal to receive a lease extension for another 25 years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 14k. Finally we have decided to proceed but do we now have to start the negotiations again?

Offer accepted on a a one bedroom apartment in Whickham, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as eighty years.Contracts were due to be exchanged within a week. My question is Have the estate agents breached any law by misrepresenting the position concerning the lease term?

I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around seventy one years. I need a at my end. Can you advise please? I live near Whickham and have a mortgage with HSBC Bank.

I note that your website states the likely fee for dealing with a lease extension is £495. Is that the total cost excluding vat and the land registry fee? The price has already been negotiated with the freeholder for the lease extension for my maisonette in Whickham

We are buying a one bedroom ground floor purpose built maisonette in Whickham which has share of freehold and a leasehold. The lease was starting to get low so the owner commenced extending the lease. The seller’s lawyer has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our to do OS1 search on the lease. 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 property title number has not been issued. Is it right that we must hold on until the new lease is registered?

I was hoping you might be able to tell me the process of how to apply for a lease extension for my maisonette in Whickham

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