Frequently asked questions relating to Birmingham and the Black Country Lease Extensions

  • I'm wanting to make an offer on a house in Birmingham and the Black Country but I'm concerned 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 Chelsea Building Society giving us the mortgage now?
  • We are in a building containing three flats in Birmingham and the Black Country and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Possibly made an error, I am actually looking for a in Birmingham and the Black Country who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can assist me with?
  • I am looking to either purchase the freehold or a lease extension of my property in Birmingham and the Black Country and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a remortgage with Alliance & Leicester to free up equity. The broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease commenced in 1979 and since then the ground rent has increased from £25.00 per year to £100 per year.
  • I am concerned that my daughter is being hoodwinked. She put in an offer on a ground floor flat in Birmingham and the Black Country, where the lease is around 73 years but she was told by the estate agents that the seller had extended it to 99 years. She has now been informed the current owner was waiting for her to instruct solicitors prior to commencing with the lease extension. Seems underhand, also it could take a while to sort it all out. Am I reading too much into it?
  • We have a ground floor flat in Birmingham and the Black Country with 73 years unexpired. Ten months ago we were quoted a deal to grant a lease extension for another thirty years but also uplift the ground rent from notional to a little more..plus a premium I think of approximately 10k. Finally we have decided to proceed but do we now have to renegotiate?
  • I am looking to buy a one bed flat in Birmingham and the Black Country for asking price of 145k, which has fivety five years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I am looking to extend the lease on my garden flat in Birmingham and the Black Country I am looking for a local company to calculate the premium. I have a price from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 57 years. I need a at my end. Can you advise please? I live near Birmingham and the Black Country and have a mortgage with TSB.
  • If a leaseholder 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 doing it?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Birmingham and the Black Country