Lease Extensions in Shenstone

Sample questions relating to Shenstone Lease Extensions

I need to extend my current lease can you help me with that? I think it has 66 years balance left

We invested in buying a leasehold with a freeholder who has not given us a counter-notice for a lease extension for our flat in Shenstone and looking to do a vesting order. Is this something you can help us with?

I own a share of the freehold. There are three flats in the house. All the leaseholders are now requiring lease extensions. What are the timescales to grant a lease extension?

We are considering buying a three bed flat in Shenstone which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from having a lease extension?

Me and my sister had entered into a purchase of a garden flat in Shenstone. I was advised by the EA that the lease extension had already been completed while on a viewing (65 years left prior to extension). The sales particulars said "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The owner apparently has a quote but no finances to extend and consequently the seller intends to exchange and use the deposit monies for the lease extension. My question is as the lease hasn't been extended is there not a danger that The Mortgage Works won't lend on a lease?

I am the freeholder of a Georgian property split into two flats. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 57 years. What are my next steps?

We would like to know the cost of a lease extension valuation for a property based in Shenstone. Is this something you can help us with?

I'm living with my mum and dad but have a maisonette in Shenstone let out which has a seventy two year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Shenstone for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 21k. Should I keep or sell the flat?

If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?

I am planning on remortgaging my garden flat in Shenstone and the mortgage company that I am looking to move to requires a minimum 85 years on the leasehold of my property in order for them to take the mortgage forward. I have found that I currently have around 75 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process

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