Solihull Lease Extensions

Solihull Lease Extensions: Q and A’s

I have an interest in the freehold of 2 blocks of flats comprising of seven flats each. 2 of the leasehold owners want a lease extension and I'm enquiring about the procedure for this

I own a garden flat in Solihull. The start date for the lease was in 1992 for 99 years. Now I am looking to extend the lease. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?

I am looking into the costs of carrying out a lease extension for my maisonette in Solihull, and would like some figures on that.

I am about to view a two bedroom maisonette, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has seventy eight years balance left on the lease. It is also a repo so I'm guessing that the lender will not be interested in doing a lease extension. My primary concern is would the short lease make it difficult to secure a mortgage?

What will I need to spend and what is the best way to start the lease extension process? I have circa 77 years left on my lease on a one bed flat in Solihull. I have called the managing agents who act on behalf of the freeholder and they gave me the number for the surveyor. I left a phone message for the surveyor but I am not getting any calls back.

My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?

If somebody owns a flat with a lease of under 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 doing it?

Are you able to provide an estimate to extend my mother’s lease on a 2 bed flat in Solihull. She already has a price from the landlord for a lease extension but I am not sure it is too high.

I was hoping you might be able to tell me the process of how to apply for a lease extension for my garden flat in Solihull

We have a two bedroom first floor purpose built flat in Solihull with a lease of fivety six years left with a value of around £410000 we want to add 90 years to it, how much is that likely to cost?

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