Top Ten Questions relating to Smethwick Lease Extensions

  • Hello, I stumbled upon this website. I'm looking for prices on what a lease extension will cost for a one bedroom apartment located in Smethwick. It's on the market at the moment but has nearon 69 years left on the lease
  • I have a lease of 75 years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Smethwick, and my lease will reach 57 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 LVT court?
  • I plan on buying a flat based in Smethwick. The offer is subject to the 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 Nottingham Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • We are in a building containing five flats in Smethwick and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I would like some help on leasehold property buying. We plan 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 rent out the property?
  • I own the freehold of a three bedroom flat in Smethwick. The leaseholders have 64 years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
  • We are acquiring a three bedroom first floor purpose built maisonette in Smethwick which has share of freehold and a leasehold. The lease was on the short side so the owner commenced extending the lease. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our to do a "priority search" on the property title. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number is not known. Is it correct that we must wait pending registration of the new lease?
  • I am planning on refinancing my maisonette in Smethwick and the mortgage company that I am looking to move to requires at least 85 years remaining on the lease in order for them to progress matters. I have found that I currently have around fivety six years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • Do you handle lease extensions on land? (a plot of land in Smethwick with 82yrs remaining)

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