FAQs concerning Selly Oak Lease Extensions

  • I am fairly sure that our has advised us incorrectly concerning a lease extension and I would like to find out how to go about making a formal complaint
  • I own a 2 bed flat located in Selly Oak with a leasehold unexpired of 68 years. I am wondering about how much I will need to spend to extend my leasehold
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Selly Oak, and my lease will reach sixety two years this January. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
  • I plan on buying a flat in Selly Oak. My offer is conditional upon a lease extension. The seller’s has given to the freeholder the Notice of Claim. 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 Godiva Mortgages Ltd. Moreover, which are the following lease extension steps to complete the purchase?
  • We bought a leasehold with a freeholder who has failed to give us a counter-notice for a lease extension for our flat in Selly Oak and are therefore deliberating the option of a vesting order. Is this something you can do for us?
  • I am considering purchasing an auction property and came upon a two bed flat in Selly Oak. It only has a 49 year lease..the seller as mortgagees in possession dont want to mess around with seeking a lease extension..what are the drawbacks of this other than the huge fee to put a new lease on it and reduced chance of getting a mortgage with National Westminster Bank?
  • My son has a share of freehold, with two other leaseholders in a building in Selly Oak. House split into three apartments. He has a lease, which has nearon 66 yrs remaining. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • I am looking to extend the lease on my ground floor flat in Selly Oak I am looking for help to verify the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • Hello I own the freehold title in a 2 bedroom flat in Selly Oak. The leaseholder has a 72 year lease and would like to purchase an additional 90 years. She is offering me £18,000 but I am not sure if this is in the right ballpark
  • I am currently negotiating a lease extension for my flat in Selly Oak as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

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