Lease Extensions in Kingswinford

Recently asked questions relating to Kingswinford Lease Extensions

I own a leasehold flat in the Kingswinford area and was curious whether I could obtain a lease extension. What are your processes and charges. Has sixety one years balance left

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'm considering purchasing a garden flat (leasehold) but the freeholder has been missing for around 15yrs. I wonder whether it will be cheaper to try to purchase the freehold or to get a lease extension and apply for right to manage?

I am looking at bidding for an auction property and identified a one bed flat in Kingswinford. It only has a fifty-one year lease..the seller as mortgagees in possession dont want to mess around with seeking a lease extension..what are the drawbacks of this other than the huge fee to put a new lease on it and reduced chance of obtaining a mortgage with Godiva Mortgages Ltd?

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?

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

We would like to know the cost of a lease extension valuation for a property based in Kingswinford. Is this something you can help us with?

My wife and I have been in discussion with our freeholder after having a valuation on our one bedroom apartment in Kingswinford. We have a 76 year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure 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 know that others in the same block previously had a lease extension, and the freeholder was reasonable. Therefore is seems worth taking risk of avoiding a formal survey and base the initial offer on previous prices . This would save on double valuation charges. Is this advisable?

I'm looking for some advice with regard to a lease extension on my three bed flat in Kingswinford. 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. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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