Questions and Answers: Wylam Lease Extensions

  • I am considering investing in a holiday home but it has a lease that expires in twenty years. Its in Wylam - I wanted to see if with your services this could be extended?
  • I am interested in getting a lease extension for a flat in Wylam and want to use a local . Is there a that you can recommend?
  • I am looking into the costs of carrying out a lease extension for my three bed flat in Wylam, and would like some figures on that.
  • Is it possible to talk with you about a leasehold property in Wylam, I am considering buying at auction next week. The flat has a short lease and I am curious about what it would cost to get a lease extension and for your services.
  • I am a freeholder of a block of flats in Wylam, and the lessees 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 write to the tax man ?
  • Re a residence in Wylam. upper maisonette. seventy three yrs remaining. I have an agreed lease extension to £20k for 135yrs. Landlord also requested Notice of Claim which I think should not be necessary. Advice required.
  • My dad has a share of freehold, with two other leaseholders in a building in Wylam. House split into three apartments. He has a lease, which has slightly more than seventy one yrs outstanding. 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?
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around seventy three years. I need a at my end. Can you advise please? I live near Wylam and have a mortgage with TSB.
  • I have 54 years remaining on my lease of a ground floor flat in Wylam, the Landlord requires a £15k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • I am currently negotiating a lease extension for my flat in Wylam 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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