Oldbury Lease Extension - Your Legal Fees Calculator
Oldbury Lease Extensions: Q and A’s
My wife agreed with the head landlord to a lease extension on our flat based in Oldbury, 8.5k for an additional 90yrs. Are you willing to guide us with this situation ?
I inherited a one bed flat located in Oldbury with a leasehold unexpired of sixety two years. I am wondering about how much it will cost me to extend my leasehold
I would like to have my residential flat leasehold extension premium assessed. The flat is in Oldbury, and my lease will reach seventy years this December. 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 am a first time buyer of a leasehold flat in Oldbury. The lease has only seventy two years unexpired and ground rent is £25. Is it possible for the flat owner to serve the Section 42 Notice and then assign this right to me as the purchaser on the day of completion 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 costly to the flat owner? To add to the complexity the freeholder can not be found, so I am not sure how this will play out.
I am thinking about acquiring an auction property and identified a studio flat in Oldbury. It only has a 49 year lease..the vendor as mortgagees in possession dont want the aggravation of applying for a lease extension..what are the drawbacks of this except for the costly fee to put a new lease on it and decreased chance of getting a mortgage with Clydesdale?
I have a share of the freehold. There are four apartments in the building. All the leaseholders are now looking for lease extensions. How long will take to get a lease extension?
Even though I may not need a lease extension but I do require a vesting order on a property I want to purchase in Oldbury. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1854. Its the garden area.
My brother and I are buying a garden flat in Oldbury which has share of freehold and a leasehold. The lease was starting to get low so the seller commenced extending the lease. The vendor has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our property lawyers to do OS1 search on the property title. The concern here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it correct that we have to be patient pending registration of the new lease?
We are hoping to acquire a home (a garden flat located inOldbury with share of freehold). During our search, we were always looking at properties that had a minimum eighty five years left on the lease. We found a place we liked and the selling agent assured that the lease was long albeit not specifying a number. Today our property lawyers advised us the lease only has fivety seven years and thus requires a lease extension. Should we walk 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 worried about obtaining a lease extension from a difficult freeholder. Notwithstanding that the correct procedures were followed under the 1993 Act, the landlord still tried to charge ground rent of £200 increasing by 100% every twenty five years of the new term. Can you help?