Burntwood Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Burntwood Lease Extensions
My name´s James. I’m house hunting in Burntwood I'm deliberating offering on a three bed flat online, with nearly sixety six years outstanding, how much will it likely cost to extend in this area by, say, 25 years?
I am fairly sure that our lawyers has advised us incorrectly concerning a lease extension and I would like to find out how to complain
I have an interest in the freehold of buildings comprising of 8 flats each. 2 of the leasehold owners want a lease extension and I'm curious about the procedure for this
We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 899 years unexpired so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any suggestions would be much appreciated.
We are in a block consisting of five flats in Burntwood and have been offered to buy the freehold for 5k 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?
We bought a leasehold with a landlord who has not given us a counter-notice for a lease extension for our flat in Burntwood and looking to do a vesting order. Is this something you can help us with?
Last year I purchased a leasehold flat in Burntwood. I have built a large extension and have not informed the leaseholder. What should I do?
I'm looking for a flat to buy in Burntwood and I'm not really familiar with the leasehold tenure. I've found a studio flat I like with a 87 years lease. I've read that I can get a lease extension after a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Coventry Building Society?
My solicitors (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
I am currently negotiating a lease extension for my flat in Burntwood 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?