Questions and Answers: Great Wyrley Lease Extensions

  • We have just completed on a garden flat based inGreat Wyrley and I'm deliberating extending the lease as soon as I can e.g. in 24 months of ownership
  • Hi, I am looking somewhere around or in Great Wyrley 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
  • I am considering investing in a second home but it has a lease that expires in fifteen years. Its in Great Wyrley - I wanted to see if with your services it is possible for this to be extended?
  • I need to extend my existing lease can you assist? My investigation with the Land Registry reveal that it has sixety one years left
  • Last year I purchased a leasehold apartment in Great Wyrley. I have built a large extension and have not informed the freeholder. What should I do?
  • I am about to view a one bedroom apartment, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has 67 years left on the lease. It is also a repo so I'm guessing that the vendor will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • I am a first time buyer of a leasehold flat in Great Wyrley. The lease has just seventy four years left and ground rent is £50. Is it possible for the current owner to serve the Section 42 Notice and then assign over the right to me as the buyer once I complete the buying process so that I don't have to wait for the 2 year requisite 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? Unfortunately it’s the case of an absent freeholder, so I am not sure how this will play out.
  • I am in need of some help with a lease extension. I live in Belfast but the flat in question is based in Great Wyrley. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
  • I'm looking at acquiring an apartment in Great Wyrley valued at £195,000 the flat has approaching seventy nine years remaining on the lease. I put in an offer subject to a lease extension... .. that was back in November, expecting I'd be in by now. The owner has just come back saying they are willing to knock £3k off if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer

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