Frequently asked questions relating to Cannington Lease Extensions

  • I’m about to offer on a garden flat to buy in the Cannington area and was wondering what the likely fees would be for a lease extension? It has 73 years as a balance left...
  • I inherited a one bedroom first floor purpose built flat in Cannington. The start date for the lease was in 1997 for 99 years. Now I am wanting to extend the lease. I am unclear about further expenses, could you tell me please how much I should expect to spend on this?
  • We invested in buying a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Cannington and are therefore deliberating the option of a vesting order. Is this something you can help us with?
  • I am a FTB of a leasehold flat in Cannington. The lease has just 71 years left and ground rent is £50. Is it possible for the flat owner to serve the Notice of Claim and then assign this right to me as the purchaser once I complete the buying process so that I can avoid waiting for the two 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 may be possible but will it be very time costly to the seller? To add to the complexity the landlord can not be found, so I am not sure how does it work.
  • I am a landlord of a block of flats in Cannington, and the leaseholders are in the process of being given lease extensions. I anticipate receiving funds within a month or so. Are there any tax implications, the property is in joint names with my wife ?
  • My OH and I had entered into buying a one bedroom apartment in Cannington. I was told that the lease had been extended (sixety six years left prior to extension). The sales particulars said "sold with a long lease". It transpires at the point of exchange of contracts we find that there has been no lease extension. The homeowner apparently has a quote but no finances to extend and consequently the flat owner wishes to exchange and use the deposit monies to extend the lease. My question is as the lease hasn't been extended is there not a danger that Birmingham Midshires won't lend on a lease?
  • I am looking to buy a one bed flat in Cannington for asking price of 145k, which has sixety three years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I am looking for advice as I am interested in a property that has only a seventy two year lease and therefore requires a lease extension. Can I call someone to go through my options please?
  • Me and my wife have been in discussion with our freeholder after having a valuation on our garden flat in Cannington. We have a fivety eight year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I'm looking for some advice with regard to a lease extension on my garden flat in Cannington. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good who specialises in lease extensions?

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