FAQs concerning Bloxwich Lease Extensions

  • Do you only handle lease extensions in Bloxwich? I own a flat in Abbey Wood with 90 years unexpired lease, I am looking for a quote from a .
  • 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?
  • I plan on buying a flat located in Bloxwich. The offer is subject to the lease extension. The flat owner’s has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Aldermore. Moreover, which are the following lease extension steps to complete the purchase?
  • We inherited a leasehold with a freeholder who has failed to respond by way of a counter-notice for a lease extension for our flat in Bloxwich and are therefore thinking about the option of a vesting order. Is this something you can help us with?
  • I am about to view a two bedroom flat, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has 66 years remaining on the lease. It is also a repossession so I'm assuming that the bank will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • I am a freeholder of a block of flats in Bloxwich, and the lessees are in the process of being issued lease extensions. I anticipate receiving the money next week. Are there any tax implications, the property is co-owned with my husband ?
  • My wife and I have a residential flat in Bloxwich with 64 years to run. Last year we were quoted a deal to have a lease extension for another thirty years but also uplift the ground rent from nominal to £300 per year..plus a premium I think of approximately 14k. Finally we have decided to proceed but do we now have to start the negotiations again?
  • I have 61 years remaining on my lease of a ground floor flat in Bloxwich, the Landlord requires a £18k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Bloxwich
  • I have a lease of 65 years remaining on my flat in Bloxwich. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

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