Top Ten Questions relating to Kinver Lease Extensions

  • I'm planning to make an offer on a house in Kinver 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 National Westminster Bank giving us the mortgage now?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Kinver, and my lease will reach sixety one years this July. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • I have contacted my freeholder to extend my lease for my flat in Kinver. His has been in contact concerning fees etc. I need a quote for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started October 1985.
  • I am a FTB of a leasehold flat in Kinver. The lease has just 70 years remaining and ground rent is £50. Is it possible for the seller to serve the Initial Notice and then assign this right to me as the purchaser once I complete the buying process so that I don't have to wait 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 is achievable but will it be very time consuming to the owner? To add to the complexity it’s the case of an missing freeholder, so I am not sure how does it work.
  • Me and my wife are considering purchasing a ground floor flat in Kinver which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?
  • I own 70% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 55 years. I need a at my end. Can you advise please? I live near Kinver and have a mortgage with Barclays .
  • My husband and I are in the throws of buying a flat (a garden flat inKinver with share of freehold). Throughout our search, we were always looking at properties that had at least ninety years remaining. We found a apartment we liked and the selling agent assured that the lease term was not an issue. Yesterday our told us the lease only has 63 years and therefore requires a lease extension. Do we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • I am currently in the process of remortgaging my ground floor flat in Kinver and the new lender that I am looking to move to requires at least 85 years remaining on the lease in order for them to progress matters. I have discovered that I currently have around fivety nine years on the leasehold so require some advice, guidance, and some quotes to set the wheels in motion for a lease extension
  • We currently own a one bedroom apartment in Kinver and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety seven years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Do I contact the landlord first and will they be able to give me a cost?
  • We have a maisonette in Kinver with a lease of 73 years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?

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