Questions and Answers: Bournville Lease Extensions

  • 35k agreed with the landlord, just attempting to find a Bournville for a lease extension. Our flat has slightly less 60 yearsoutstanding. What's your solicitors fee ?
  • I own a flat in Bournville with a leasehold unexpired around 75 years and need a lease extension. Please can you clarify the next stages
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Bournville, and my lease will reach sixety three years this January. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • I have contacted my freeholder to extend my lease for my flat in Bournville. Her has been in contact concerning costs etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started January 1984.
  • The intention is to sell our ground floor flat in Bournville but we may need to extend the lease, or possibly cover the expense of our purchaser. Can you help me find someone to undertake the legal formalities?
  • My brother and I had entered into buying a studio flat in Bournville. I was advised by the EA that the lease extension had already been completed while on a viewing (seventy six years unexpired lease prior to extension). The description on the listing stated "sold with a long lease". It transpires as we are about to exchange of contracts we find that the lease has not been extended. The current owner apparently has a quote but no funds to extend and consequently the seller wishes to exchange and use the deposit monies for the lease extension. My question is why has this only just been brought to my attention by my ?
  • If somebody owns a flat with a lease of under 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'm looking at buying an apartment in Bournville valued at £195,000 the flat has just under 62 years remaining on the lease. I put in an offer subject to the lease being renewed... .. that was back in June, expecting I'd have moved in before Christmas. They have just informed the agent they are willing to reduce the price by£7k if they don't have to deal with the lease extension. I'm unsure whether that's a good idea
  • We currently own a studio flat in Bournville 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 sixety eight years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Do you have some advice on this? Do I contact the freeholder first and will they be able to give me a cost?
  • I have a lease of 62 years remaining on my flat in Bournville. 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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