Questions and Answers: Bilston and Bradley Lease Extensions

  • I am looking to extend the lease on my maisonette in Bilston and Bradley which will have fivety seven years outstanding in September. What fees do you charge for this?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Bilston and Bradley, and my lease will reach 54 years this February. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • I own a one bedroom first floor purpose built flat in Bilston and Bradley. The lease started in 1997 for 99 years. Now I am looking to extend the lease. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
  • I invested in buying a garden flat in Bilston and Bradley. I am looking to extend lease on the property. It is just under eighty years. I would just like to know what your charges are and how long the process takes.
  • I am thinking about whether to purchase the freehold or a lease extension of my property in Bilston and Bradley and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a get a new mortgage 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 acquisition .The lease began in 1981 and since then the ground rent has been raised from £25.00 per year to £300 per annum.
  • Are you able to advise on how much it would financials and the best way to get a lease extension started? I have slightly more than 63 years left and I own a garden flat in Bilston and Bradley.
  • I am considering buying an auction property and came upon a one bed flat in Bilston and Bradley. It only has a fifty year lease..the vendor being mortgagees in possession will not want the aggravation of negotiating a lease extension..what are the disadvantages of this except for the huge fee to put a new lease on it and reduced chance of getting a mortgage with Halifax?
  • I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around fivety eight years. I need a lawyers at my end. Can you advise please? I live near Bilston and Bradley and have a mortgage with Godiva Mortgages Ltd.
  • If somebody owns a flat with a lease of less than 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 extending the lease?
  • We are buying a one bedroom apartment in Bilston and Bradley which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced dealing with a lease extension. The seller has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our conveyancers to do a "priority search" on the property title. The problem here is that as a lease extension has been submitted we've been told by our conveyancers 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 must be patient until the lease extension has actually been registered before completing.?
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    Lease Extensions in Bilston and Bradley

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