Frequently asked questions relating to Pelsall Lease Extensions

  • I own a leasehold flat in the Pelsall area and was wondering whether I could get a lease extension. What are your processes and charges. Has seventy five years unexpired
  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to purchase. It has 68 years left.
  • I am looking to either purchase the freehold or a lease extension of my property in Pelsall and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a refinance with Aldermore to release of equity. The broker dealing with the remortgage suggested I get two quotes : one for the lease extension and one for the freehold purchase .The lease commenced in 1972 and since then the ground rent has increased from £25.00 per annum to £300 per annum.
  • I am a freeholder of a block of flats in Pelsall, and the tenants are in the process of being issued lease extensions. I anticipate receiving funds next month. As I am not on self assessment do I get in touch with the tax authorities ?
  • I am thinking about buying an auction property and found a one bed flat in Pelsall. It only has a 41 year lease..the current owner being mortgagees in possession will not want to mess around with applying for a lease extension..what are the drawbacks of this other than the expensive fee to put a new lease on it and reduced chance of getting a mortgage with The Royal Bank of Scotland?
  • I have a share of the freehold. There are four flats in the house. All the leaseholders are now seeking lease extensions. What are the timescales to grant a lease extension?
  • I am looking to buy a one bed flat in Pelsall for asking price of 125k, which has sixety eight years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • I note that your website states the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding vat and the land registry fee? The premium has already been agreed with the freeholder for the lease extension for my ground floor flat in Pelsall
  • Just a quick question, how much is the premium payable for a lease extension on a residential property in Pelsall for a two bed flat - sec 42 having been issued?
  • I'm hoping for some assistance concerning a lease extension on my flat. I'll be looking to do this sometime next year as we have to move 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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    Lease Extensions in Pelsall

    Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Pelsall