Recently asked questions relating to Selly Oak Lease Extensions

  • My name´s Jackson. I’m flat hunting in Selly Oak I'm considering offering on a studio flat online, with around 68 years unexpired lease, how much does it cost on average to get a lease extension by, say, ninety years?
  • I want to purchase a leasehold property and lease extension. The homeowner has been there over two years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • 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 928 years unexpired so a lease extension is not a concern. 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 twenty years without owning the property. Any suggestions would be much appreciated.
  • I have a lease of sixety eight years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I am about to put an offer in on a maisonette in Selly Oak with a lease of fivety five years but unsure what it will cost me to renew so I can put in an offer given to future cost of a lease extension.
  • I plan on buying a flat in Selly Oak. My offer is conditional upon a lease extension. The current owner’s solicitors has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Yorkshire Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • We inherited a leasehold with a freeholder who has not given us 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?
  • We wish to extend our lease having owned the place for two years as of 11th Jan 2016. It has nearly sixety six years remaining currently. Hoping to get a lease extension by way of an additional 90 years as quickly and stress free as is reasonably achievable.
  • I an interested in finding out more about leasehold property buying. We plan 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 Selly Oak area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • My wife and I have owned a leasehold flat for approximately eighteen years. There are 60 years unexpired lease on the lease. Following a year of difficult negotiations through my conveyancing practitioners and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to LVT and would appreciate advice.
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    Lease Extensions in Selly Oak

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