Top Ten Questions relating to Smethwick Lease Extensions

  • My wife has a flat based in Smethwick which we are about to put on the market. The leasehold has nearon 74 years left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Many thanks.
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has seventy six years outstanding.
  • Hello. I need someone to review my lease extension prior to it being signed just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few small amendments.
  • I am looking to either purchase the freehold or a lease extension of my property in Smethwick and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously refinance with Bank of Scotland to free up equity. The broker handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold purchase .The lease started in 1979 and since then the ground rent has been raised from £25.00 per year to £125 per annum.
  • What will it cost me and what is the best way to start the lease extension process? I have circa sixety four years remaining on my lease on a one bedroom apartment in Smethwick. I have called the managing agents who act on behalf of the head landlord and they gave me the number for the surveyor. I telephone the surveyor but I am not receiving any kind of response.
  • I am considering purchasing an auction property and identified a studio flat in Smethwick. It has just 49 year lease..the seller being mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the drawbacks of this except for the costly fee to put a new lease on it and decreased chance of getting a mortgage with Coventry Building Society?
  • I am looking for advice as I am interested in a property that has only a 58 year lease and therefore requires a lease extension. Is it possible for me to talk with someone to discuss my options please?
  • I would like some guidance on leasehold property buying. We hope 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 Smethwick area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • Me and my OH have been in discussion with our freeholder after having a valuation on our one bedroom second floor purpose built flat in Smethwick. We have a seventy seven year lease and we wish to increase this to 99. The Freeholder has supplied us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a conveyancing practitioners to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I am currently in the process of refinancing my one bedroom apartment in Smethwick and the bank that I am looking to switch to requires a minimum 85 years on the leasehold of my property in order for them to take the mortgage forward. We currently have around fivety five years on the leasehold so require some help, guidance, and some quotes to set the wheels in motion for a lease extension
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    Lease Extensions in Smethwick

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