Common questions relating to Whitley Bay Lease Extensions

  • I own a leasehold flat in the Whitley Bay area and was wondering whether I could obtain a lease extension. What are your processes and charges. Has seventy two years remaining
  • I am in need of a rough estimate of what a lease extension will cost for a flat I intend to buy. It has sixety eight years remaining.
  • We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 928 years residual lease term so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any advice would be much appreciated.
  • We inherited a leasehold with a landlord who has not given us a counter-notice for a lease extension for our flat in Whitley Bay and are therefore deliberating the option of a vesting order. Is this something you can handle for us?
  • I am a landlord of a block of flats in Whitley Bay, and the tenants are in the process of being issued lease extensions. I anticipate receiving the money next week. As I am not on self assessment do I get in touch with the Inland Revenue ?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to purchase in Whitley Bay. The house is freehold but the garden is officially leasehold, 1000 year lease from 1895. Its the garden area.
  • Just a quick question, how much is the premium payable for a lease extension on a residential property in Whitley Bay for a one bed flat - sec 42 is already served?
  • My brother and I are hoping to acquire a home (a three bed flat located inWhitley Bay with share of freehold). Throughout our search, we were always looking at flats that had at least eighty five years unexpired. We found a place we fell in love with and the selling agent assured that the lease was long albeit not specifying a number. Today our told us the lease only has seventy nine years and therefore needs a lease extension. Do we walk away, or should we negotiate our offer?
  • I know that others in the same block had already had a lease extension, and the landlord seemed reasonable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on on the prices by others . This would save on double valuation charges. Is this advisable?
  • Do you handle lease extensions on land? (a plot of land in Whitley Bay with 82yrs remaining)

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