Erdington Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Erdington Lease Extensions
Hi, I just randomly found this site. I'm looking for prices on what it cost to extend a lease of a ground floor flat located in Erdington. It's up for sale at the moment but has approximately sixety eight years of unexpired leasehold
My wife has an apartment in Erdington which we have just put on the market. The leasehold has nearly 58 years residual lease term on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we commence arranging a lease extension? Thank you.
I'm about to make an offer on a house in Erdington but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect Santander giving us the mortgage now?
I am a first time buyer of a leasehold flat in Erdington. The lease has just sixety nine years outstanding and ground rent is £75. Is it possible for the seller to serve the Section 42 Notice and then transfer over the right to me as the purchaser on the day of completion so that I don't have to wait 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 is achievable but will it be very time consuming to the flat owner? To add to the complexity the freeholder is absent, so I am not sure how this will play out.
I own a share of the freehold. There are five apartments in the house. All the leaseholders are now requiring lease extensions. What are the timescales to grant a lease extension?
I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
I'm living with my mum and dad but have a ground floor flat in Erdington let out which has a 54 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 Erdington 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 21k. Should I keep or sell the flat?
I'm looking at purchasing an apartment in Erdington valued at £195,000 the flat has approaching fivety seven years left on the lease. My offer was conditional upon a lease extension... .. that was back in November, expecting I'd be in by Christmas. The seller has just informed me they'll reduce the price by£7k if I deal with the lease extension myself. I'm unsure whether that's a good idea
I am currently negotiating a lease extension for my flat in Erdington 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?
Do you handle lease extensions on land? (a plot of land in Erdington with 82yrs remaining)