FAQs concerning Balsall Common Lease Extensions

  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has seventy nine years residual lease term.
  • I have been in touch with my freeholder for a lease extension for my flat in Balsall Common. His has been in contact concerning charges etc. I need a quote for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started February 1984.
  • I am looking into the costs of carrying out a lease extension for my three bedroom second floor purpose built flat in Balsall Common, and would like some figures on that.
  • I invested in buying a ground floor flat in Balsall Common. I am looking to extend lease on the property. It is slightly more than eighty years. I would just like to know what your charges are and how long the process takes.
  • I am considering bidding for an auction property and identified a one bed flat in Balsall Common. It only has a fifty-one year lease..the vendor being mortgagees in possession will not want the aggravation of applying for a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and reduced chance of getting a mortgage with Clydesdale?
  • We have owned a leasehold flat for approximately fifteen years. There are seventy six years unexpired lease on the lease. After a year of protracted negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I am at a decision point on whether to accept it or go to a Tribunal and would welcome some independent thoughts.
  • I am the freeholder of a Georgian property split into two apartments. I reside in the top floor flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety five years. What are my next steps?
  • We would like to know the cost of a lease extension valuation for a property based in Balsall Common. Is this something you can help us with?
  • We are purchasing a ground floor flat in Balsall Common which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of extending the lease. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our to do OS1 search on the property title. The concern 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 is not known. Is it right that we have to hold on until the new lease is registered?
  • I have a lease of sixety four years remaining on my flat in Balsall Common. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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