Selly Oak Lease Extensions: Q and A’s

  • Hi, I stumbled across your website. I'm seeking prices on what it cost to extend a lease of a one bedroom apartment in Selly Oak. It's up for sale at the moment but has around 69 years of unexpired leasehold
  • We have seen a house for sale for £195k and we are very interested but we've just found out that it is leasehold. There are 899 years outstanding so a lease extension is not a worry. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any feedback would be much appreciated.
  • I am looking for a property lawyers in Selly Oak and they should be on the Skipton Building Society approved conveyancers panel as we need a lease extension and refinance simultaneously. Are you able to recommend a conveyancers ?
  • I am looking into the costs of carrying out a lease extension for my garden flat in Selly Oak, and would like some figures on that.
  • We own a leasehold with a landlord who has failed to respond by way of a counter-notice for a lease extension for our flat in Selly Oak and looking to do a vesting order. Is this something you can help us with?
  • I'm looking for an apartment to purchase in Selly Oak and I'm not really familiar with the leasehold title. I've identified a ground floor flat I like with a 90 years lease. I've read that I can get a lease extension after a couple of years, but:- Should I anticipate any issue with the mortgage?
  • I am a first time buyer of a leasehold flat in Selly Oak. The lease has only fivety four years balance left and ground rent is £75. Is it possible for the owner to serve the Initial Notice and then assign this right to me as the buyer once I complete the buying process so that I can avoid waiting 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 may be possible but will it be very time consuming to the current owner? Unfortunately the freeholder is absent, so I am not sure how does it work.
  • We have a leasehold flat in Selly Oak with 61 years left. Ten months ago we were quoted a deal to have a lease extension for another fifty years but also increase ground rent from notional to a little more..plus a premium I think of approximately 9k. Finally we have decided to go ahead but do we now have to renegotiate?
  • We currently own a garden flat in Selly Oak 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 one 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. Do you have some advice on this? Should I contact the freeholder first and will they be able to give me a cost?
  • I have a lease of 73 years remaining on my flat in Selly Oak. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?
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    Lease Extensions in Selly Oak

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