FAQs concerning Pelsall Lease Extensions

  • My name´s Joseph. I’m flat hunting in Pelsall I'm thinking about offering on a ground floor flat online, with approximately sixety nine years unexpired lease, how much does it cost on average to get a lease extension by, say, twenty years?
  • I bought a studio flat in Pelsall with a leasehold unexpired of seventy seven years. I am enquiring about what it will cost me to extend my lease term
  • We are in a building consisting of three flats in Pelsall and have been offered to buy the freehold for £5000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Me and my wife are considering purchasing a maisonette in Pelsall which is a leasehold. I am wanting to weigh up the pros and cons of that - what occurs when lease expires, how much it costs to extend it, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
  • I would like some guidance on purchasing a leasehold residence. We are going to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Pelsall area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • Me and my husband have been in discussion with our freeholder after having a valuation on our ground floor flat in Pelsall. We have a 73 year lease and we wish to increase this to 99. The Freeholder has given us with a premium amount that she 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 our behalf.
  • Hello I am the freeholder reversion in a 3 bedroom flat in Pelsall. The leaseholder has a fivety six year lease and would like to purchase another 125 years. He is offering me £21,000 but I am unsure if this is a correct amount
  • Me and my husband are in the throws of buying a home (a garden flat based inPelsall with share of freehold). Throughout our search, we were always looking at properties that had a minimum eighty five years unexpired. We identified a place we fell in love with and the selling agent assured that the lease was long albeit not specifying a number. Yesterday our told us the lease only has fivety six years and therefore needs 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 refinancing my garden flat in Pelsall and the next lender that I am looking to switch to needs at least 80 years remaining on the lease in order for them to progress matters. We currently have around fivety five years on the leasehold so require some advice, guidance, and some quotes to get the wheels in motion for a lease extension
  • I'm looking for some advice with regard to a lease extension on my studio flat in Pelsall. 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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