Lease Extensions in Aldridge

Aldridge Lease Extensions: Q and A’s

My name´s Noah. I’m house hunting in Aldridge I'm considering offering on a 2 bed flat online, with roughly sixety six years remaining, how much will it likely cost to extend in this location by, say, ninety years?

I own a leasehold flat in the Aldridge area and was wondering whether I could get a lease extension. What are your processes and fees. There are 68 years remaining

I am interested in getting a lease extension for a flat in Aldridge and want to use a local . Is there a that you can recommend?

The intention is to sell our GFF in Aldridge but we may need a lease extension, or possibly cover the costs of our buyers. Can you help me find a to handle this?

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

I am looking to either purchase the freehold or a lease extension of my property in Aldridge and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Norwich and Peterborough Building Society to free up equity. The broker dealing with the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease commenced in 1981 and since then the ground rent has increased from £38.00 per annum to £125 per annum.

Re a residence in Aldridge. upper maisonette. 75 yrs left. I have negotiated a lease extension price of £14k for 135yrs. Freeholder also requested Notice of Claim which I think is a tad over the top. Advice required.

My son has a share of freehold, with two other leaseholders in a building in Aldridge. House divided into three apartments. He has a lease, which has roughly 72 years unexpired lease. 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'm living at mother and father but have a one bed flat in Aldridge let out which has a sixety nine year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Aldridge for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?

If a leaseholder 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 doing it?

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