Birmingham and the Black Country Lease Extensions: Q and A’s

  • Hi, I stumbled across this website. I'm looking for prices on what it cost to extend a lease of a one bedroom apartment located in Birmingham and the Black Country. It's up for sale at the moment but has around 77 years of unexpired leasehold
  • Do you only undertake lease extensions in Birmingham and the Black Country? I own a flat in Abbey Wood with 90 years unexpired lease, I am looking for a quote from a .
  • I have a leasehold apartment in Birmingham and the Black Country. I have built a huge extension and have not informed the freeholder. What should I do?
  • I am concerned that my niece might have had the wool pulled over her eyes. She put in an offer on a ground floor flat in Birmingham and the Black Country, where the lease is approximately 65 years but she was told by the selling agents that the seller had extended it to 99 years. Only now has she been told the vendor was holding off for her to retain conveyancers ahead of instigating the lease extension. Seems devious, also it could take time to sort it all out. Am I being too sceptical?
  • 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 premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • Just been over two years that I have owned my garden flat in Birmingham and the Black Country. I have 57 years remaining on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • I own the freehold of a three bedroom flat in Birmingham and the Black Country. The leaseholders have 65 years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
  • I'm looking at buying an apartment in Birmingham and the Black Country at a price of £256,000 the flat has approximately 54 years remaining on the lease. I put in an offer conditional upon the lease being renewed... .. that was back in August, hoping I'd have moved in by Christmas. They have just come back saying they are willing to reduce the price by£2k if I deal with the lease extension myself. I'm not sure if I should take them up on the offer
  • We currently own a one bedroom apartment in Birmingham and the Black Country and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 54 years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Birmingham and the Black Country 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 Birmingham and the Black Country