FAQs concerning Shelfield Lease Extensions

  • I’m just looking for a three bedroom second floor purpose built maisonette to buy in the Shelfield area and was enquiring what the likely fees would be for a lease extension? It has 69 years unexpired...
  • I am interested in getting a lease extension for a flat in Shelfield and want to use a local solicitors. Is there a solicitors that you can recommend?
  • I have a lease of 74 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I need to talk to you about a leasehold property in Shelfield, I am thinking of buying at auction next week. The flat has a short lease and I wanted to inquire about what it would cost to get a lease extension and for your services.
  • I will soon view a one bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 56 years remaining on the lease. It is also a repossession so I'm guessing that the lender will not be interested in doing a lease extension. My main concern is would the short lease make it difficult to secure a mortgage?
  • We have a GFF based in Shelfield. There is eighty years remaining on the lease and we want a lease extension. What will it likely cost to extend in this location by, say,fifty years
  • I intend to buy a one bed flat in Shelfield for asking price of 145k, which has 66 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I'm intent on acquiring a flat in Shelfield valued at £210,000 the flat has just under 70 years remaining on the lease. I put in an offer subject to the lease being extended... .. that was back in August, expecting I'd have completed by Christmas. They have just informed me they are willing to reduce the price by£7k if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
  • I am the freeholder of a property in Shelfield and a leaseholder would like a lease extension. Her valuer has suggested a figure of £9,000, but has increased this to £10,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need 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 costs would I be likely to incur?
  • I am currently in the process of refinancing my garden flat in Shelfield and the bank that I am looking to move to needs a minimum 80 years remaining on the lease in order for them to take the mortgage forward. We currently have around 76 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process
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    Lease Extensions in Shelfield

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