Frequently asked questions relating to Selly Oak Lease Extensions

  • I have been in touch with my freeholder for a lease extension for my flat in Selly Oak. Her has been in contact concerning costs etc. I need a ball park figure for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started October 199.
  • I plan on buying a flat located in Selly Oak. The offer is subject to the lease extension. The owner’s has served 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 Clydesdale. Moreover, which are the following lease extension steps to complete the purchase?
  • The terms for the lease on my apartment in Selly Oak are 101 years from 14 Sep 1988. Can you supply me me a quote for a lease extension if I give you more specifics please?
  • How much will I need to spend and what is the best way to get a lease extension started? I have about 59 years remaining on my lease on a one bedroom apartment in Selly Oak. I have called the managing agents who represent the freeholder and they provided me with the number for the valuer. I left a phone message for the valuer but I am not receiving any returned calls.
  • Regarding a residence in Selly Oak. upper maisonette. 68 yrs left. I have an agreed lease extension to £12,000 for 125yrs. Landlord also insisted on Section 42 Notice which I think should not be necessary. Can you assist.
  • My leasehold flat in Selly Oak is up for sale and I have a hopefully firm offer. There is eighty one years unexpired on the lease and I want to extend the lease. What does it cost on average to extend in this location by, say,45 years
  • I am hoping to extend the lease on my one bedroom apartment 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.
  • I have a freehold of a three bedroom flat in Selly Oak. The leaseholders have sixety six years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
  • I'm looking at purchasing a flat in Selly Oak valued at £195,000 the flat has just under sixety five years unexpired on the lease. I put in an offer subject to the lease being extended... .. that was back in November, hoping I'd have completed by Christmas. They have just informed me they'll knock £4k off if I deal with the lease extension myself. I'm unsure if I should take them up on the offer
  • I am the freeholder of a property in Selly Oak and a leaseholder has requested a lease extension. Her valuer has provided a figure of £8,000, but has increased this by £2,000 at the drop of a hat. My valuer has suggested a much higher amount. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just armed with the valuations I have? If not, what charges would I be likely to face?

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