Recently asked questions relating to Rayners Lane Lease Extensions

  • My name´s Jackson. I’m property hunting in Rayners Lane I'm considering offering on a maisonette online, with nearly seventy four years unexpired lease, how much does it cost on average to get a lease extension by, say, fifty years?
  • I am about to put an offer in on a maisonette in Rayners Lane with a lease of 79 years but not sure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • 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?
  • What will it cost me and what is the best way to start the lease extension process? I have slightly more than sixety one years outstanding on my lease on a three bedroom ground floor purpose built maisonette in Rayners Lane. I have emailed the managing agents who represent the head landlord and they gave me the number for the valuer. I left a phone message for the surveyor but I am not receiving any returned calls.
  • We have a GFF located in Rayners Lane. There is eighty years unexpired on the lease and we want to extend the lease. How much does it cost on average to get a lease extension by, say,35 years
  • My fiance and I had entered into buying a garden flat in Rayners Lane. I was advised by the EA that the lease extension had already been completed while on a viewing (69 years remaining prior to extension). The description on the listing said "sold with a long lease". It turns out as we are about to exchange of contracts we find that there has been no lease extension. The owner supposedly has a quote but no funds to extend as a result the owner wants to exchange and use the 10% deposit for the lease extension. My question is as the lease hasn't been extended is there not a danger that Birmingham Midshires won't lend on a lease?
  • I am hoping to extend the lease on my ground floor flat in Rayners Lane I am looking for help to verify the premium. I have a quote from the landlord. I would like to go forward as soon as possible, but for the right premium and fee.
  • My OH and I would like to know the cost of a lease extension valuation for a property based in Rayners Lane. Would you be able to help?
  • Although I do not need a lease extension but I do require a vesting order on a property I want to buy in Rayners Lane. The house is freehold but the garden is officially leasehold, 995 year lease from 1889. Its the rear garden.
  • My and my husband know that others in the same building previously had a lease extension, and the freeholder seemed reasonable. It therefore appears worth taking risk of avoiding a formal valuation and base the initial offer on on the premiums paid by others . This would save on double valuation charges. Would you suggest such a course of action?

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