Lease Extensions in Blakelaw

Examples of recent questions relating to Lease Extensions in Blakelaw

My wife and I are thinking about a lease extension for our flat in Blakelaw and we don't fully understand the communication that we got from our freehold company. How long will it take?

I’m about to offer on a three bedroom first floor purpose built maisonette to buy in the Blakelaw area and was wondering what the likely fees would be for a lease extension? It has seventy five years residual lease term...

This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?

My co-lessees and I are in a building containing four flats in Blakelaw 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?

I am considering whether to purchase the freehold or a lease extension of my property in Blakelaw and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with Santander to release of equity. My broker handling the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease commenced in 1972 and since then the ground rent has been raised from £15.00 per annum to £100 per annum.

I'm looking for a flat to purchase in Blakelaw and I'm not really familiar with the leasehold tenure. I've found a garden flat I like with a 90 years lease. I've read that I can get a lease extension after a couple of years, but:- Should I anticipate any issue with the mortgage?

I am thinking about buying an auction property and identified a two bed flat in Blakelaw. It has just 50 year lease..the current owner being mortgagees in possession will not want to mess around with applying for a lease extension..what are the disadvantages of this except for the costly fee to put a new lease on it and decreased chance of obtaining a mortgage with Birmingham Midshires?

We would like to extend our lease having owned the apartment for two years as of 22nd Feb 2015. It has roughly 77 years remaining currently. Hoping to get a lease extension by way of an additional 90 years as expeditiously and stress free as is reasonably achievable.

My wife and I would like to know the cost of a lease extension valuation for a property based in Blakelaw. Would you be able to help?

My and my fiance know that others in the same block had already had a lease extension, and the freeholder seemed amenable. It therefore appears worth taking risk of not having formal valuation and base the initial offer on on the prices by others . This would save on double valuation fees. Would you suggest this course of action?

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