Common questions relating to Burntwood Lease Extensions

  • I’ve just bought a maisonette based inBurntwood and I'm thinking about extending the lease as soon as possible e.g. after 24 months of ownership
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Burntwood, and my lease will reach 55 years this February. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I'm considering purchasing a ground floor flat (leasehold) but the freeholder has been absent for circa 15yrs. My question is would it be less expensive to try to acquire the reversionary title or to get a lease extension and apply for RTM?
  • I am looking into the costs of carrying out a lease extension for my garden flat in Burntwood, and would like some figures on that.
  • I am considering whether to purchase the freehold or a lease extension of my property in Burntwood and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I plan to simultaneously remortgage with TSB to release of equity. My broker handling the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease started in 1991 and since then the ground rent has been raised from £38.00 per annum to £100 per year.
  • I have a leasehold apartment in Burntwood. I have built a large extension and have not informed my freeholder. What are my options?
  • I am about to view a one bedroom maisonette, although not exactly my dream 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 56 years residual lease term on the lease. It is also a repossession so I'm guessing that the vendor will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?
  • I an interested in finding out more about leasehold property buying. We plan to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Burntwood area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • I'm living with my mum and dad but have a three bedroom ground floor purpose built flat in Burntwood let out which has a seventy eight year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Burntwood for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Not sure sure whether to hold on or sell the flat?
  • My wife and I are aware that others in the same building had already had a lease extension, and the landlord was amenable. It therefore appears worth taking risk of avoiding a formal survey and calculate the initial offer on previous prices . This would save on double valuation charges. Is this advisable?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Burntwood