Arley Lease Extensions

Arley Lease Extensions: Q and A’s

I am the registered owner of a flat in Arley with a leasehold unexpired nearon fivety five years and need a lease extension. Please can you clarify the next steps

I want to buy a leasehold property and lease extension. The owner has been there over two years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?

I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 66 years unexpired.

I am looking for a in Arley and they need to be on the Birmingham Midshires approved conveyancers panel as we need a lease extension and remortgage at the same time. Are you able to recommend a ?

Hi. I need someone to review my lease extension ahead of it being formalised just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor changes.

I invested in buying a maisonette in Arley. The lease commenced in 1991 for 99 years. Now I am wanting to extend the lease. I am not entirely sure about additional expenses, could you tell me please how much I should expect to spend on this?

I am thinking about whether to purchase the freehold or a lease extension of my property in Arley and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously remortgage with Coventry 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 the freehold purchase .The lease commenced in 1972 and since then the ground rent has been raised from £38.00 per year to £300 per year.

I own a share of the freehold. There are four flats in the block. All the leaseholders are now looking for lease extensions. Are you willing to assist us with this situation?

Even though I may not need a lease extension but I do need a vesting order on a property I want to acquire in Arley. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1854. Its the rear garden.

I am currently negotiating a lease extension for my flat in Arley 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?

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