Questions and Answers: Balsall Heath Lease Extensions

  • My name´s Jason. I’m house hunting in Balsall Heath I'm considering offering on a garden flat online, with slightly less 63 years outstanding, how much will it likely cost to get a lease extension by, say, ninety years?
  • My wife has a flat located in Balsall Heath which we are about to put on the market. The leasehold has about sixety three years left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Many thanks.
  • I'm intending to make an offer on a house in Balsall Heath but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Barnsley Building Society giving us the mortgage now?
  • I'm considering buying a ground floor flat (leasehold) but the freeholder has been missing for circa 15yrs. I wonder whether it will be less expensive to try to purchase the reversionary title or to get a lease extension and apply for RTM?
  • I am considering whether to purchase the freehold or a lease extension of my property in Balsall Heath and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Santander to release of equity. The broker handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease started in 1981 and since then the ground rent has increased from £25.00 per annum to £300 per annum.
  • I am a landlord of a block of flats in Balsall Heath, and the lessees are in the process of being issued lease extensions. I should hopefully get the money next week. As I am not on self assessment do I contact HMRC ?
  • I own a purpose-built apartment based in a small development in Balsall Heath. The leasehold interest in the apartment on a 99 year lease started from 11th January 1972 with a fixed ground rent of £15 per annum. I wish to obtain a lease extension. Is it possible for me to talk with someone to go through my options please?
  • My husband and I have been in discussion with our freeholder after having a valuation on our maisonette in Balsall Heath. We have a seventy two year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • I have seventy three years remaining on my lease of a ground floor flat in Balsall Heath, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • We have a studio flat in Balsall Heath with a lease of seventy three years left with a value of around £290000 we want to add 125 years to it, how much is that likely to cost?

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