FAQs concerning Hall Green Lease Extensions

  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 67 years balance left.
  • I have a lease of 68 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I am about to put an offer in on a ground floor flat in Hall Green with a lease of fivety eight years but unsure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I need to talk to you about a leasehold property in Hall Green, I am thinking of buying at auction in the next few days. The flat has a short lease and I was wondering about how much it would cost to get a lease extension and for your services.
  • I'm looking for an apartment to buy in Hall Green and I'm not really familiar with the leasehold arrangement. I've found a one bedroom ground floor purpose built flat I like with a 90 years lease. My research reveals that I can apply for a lease extension after 2 years, but:- Should I anticipate any issue with my proposed mortgage lender Britannia?
  • I am concerned that my niece might be having the wool pulled over her eyes. She submitted an offer on a maisonette in Hall Green, where the lease is about 66 years but she was informed by the selling agents that the flat owner had extended it to 125 years. She has now been informed the flat owner was waiting for her to appoint solicitors before commencing with the lease extension. Seems unscrupulous, also it will take months to sort it all out. What do you think?
  • Just been over 2 years that I have been in my one bed flat in Hall Green. I have 75 years unexpired lease on the lease. I am now looking either to purchase a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • Hi I am the freeholder reversion in a 3 bedroom flat in Hall Green. The leaseholder has a 64 year lease and would like to purchase another 125 years. She is offering me £21,000 but I am unsure if this is in the right ballpark
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my ground floor flat in Hall Green

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