Common questions relating to Bloxwich Lease Extensions

  • We have just bought a two bedroom ground floor purpose built maisonette located inBloxwich and I'm thinking about extending the lease as soon as possible e.g. in 24 months of ownership
  • My name´s Eli. I’m property hunting in Bloxwich I'm seeing a garden flat online, with about sixety eight years unexpired lease, how much will it likely cost to get a lease extension by, say, twenty years?
  • I have shares in the freehold of 2 blocks of flats comprising of 8 flats each. Two of the leasehold owners want to extend their leases and I'm curious about the the process
  • I inherited a property in Bloxwich and it has nearly 71 years residual lease term. I'd like to arrange a lease extension by twenty years
  • The terms for the lease on my flat in Bloxwich are 95 years from 1 Jan 1988. Please provide me a quote to extend the lease if I give you more information please?
  • I am looking into the costs of carrying out a lease extension for my maisonette in Bloxwich, and would like some figures on that.
  • I am a FTB of a leasehold flat in Bloxwich. The lease has only 57 years remaining and ground rent is £50. Is it possible for the owner to serve the Section 42 Notice and then assign over the right to me as the buyer on the day of completion so that I can avoid waiting for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time consuming to the vendor? To add to the complexity the landlord is absent, so I am not sure how does it work.
  • 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?
  • I am currently negotiating a lease extension for my flat in Bloxwich 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?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my one bedroom ground floor purpose built flat in Bloxwich
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    Lease Extensions in Bloxwich

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