Common questions relating to Canton Lease Extensions

  • I’ve just bought a 2 bed conversion flat inCanton and I'm deliberating a lease extension as soon as I can e.g. after a couple of years
  • I need to talk to you about a leasehold property in Canton, I am thinking of buying at auction next month. The flat has a short lease and I am curious about what it would cost to get a lease extension and for your services.
  • I am looking to either purchase the freehold or a lease extension of my property in Canton and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Nottingham Building Society to free up equity. The broker handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease began in 1979 and since then the ground rent has been raised from £15.00 per annum to £100 per year.
  • I am a first time buyer of a leasehold flat in Canton. The lease has just sixety five years residual lease term and ground rent is £75. Is it possible for the homeowner to serve the Initial Notice and then transfer this right to me as the buyer once I complete the buying process so that I can avoid waiting for the 2 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 consuming to the vendor? To add to the complexity it’s the case of an missing freeholder, so I am not sure how does it work.
  • I an interested in finding out more about purchasing a leasehold residence. We intend to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Canton area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • My wife and I have owned a leasehold flat for around eighteen years. It now has sixety years unexpired lease on the lease. Following a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the freeholder. I now have to make a decision as to whether to accept it or go to LVT and would appreciate some independent thoughts.
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around fivety six years. I need a at my end. Can you advise please? I live near Canton and have a mortgage with Birmingham Midshires.
  • Me and my partner have been in discussion with our freeholder after having a valuation on our ground floor flat in Canton. We have a 56 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 the lease extension.
  • I'm intent on buying a flat in Canton at a price of £210,000 the flat has approximately 76 years left on the lease. My offer was conditional upon a lease extension... .. that was back in August, expecting I'd have moved in by now. They have just informed me they are willing to reduce the price by£2k if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my two bedroom first floor purpose built flat in Canton

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