Common questions relating to Sparkhill Lease Extensions

  • I’m about to offer on a maisonette to purchase in the Sparkhill area and was curious how much would it cost for a lease extension? It has sixety one years left...
  • We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 928 years outstanding so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any suggestions would be much appreciated.
  • I am looking for a solicitors in Sparkhill and they need to be on the Lloyds TSB Bank approved conveyancers panel as we need a lease extension and remortgage simultaneously. Can you recommend any please ?
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Sparkhill, and my lease will reach 64 years this March. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the Tribunal court?
  • I am about to view a two bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present circumstances. However after downloading a copy of the title I've learnt that it only has fivety four years residual lease term on the lease. It is also a repo so I'm guessing that the lender will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?
  • I am a freeholder of a block of flats in Sparkhill, and the tenants are in the process of being given lease extensions. I should hopefully get the money within a month or so. As I am not on self assessment do I write to HMRC ?
  • I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 78 years. I need a solicitors at my end. Can you advise please? I live near Sparkhill and have a mortgage with The Royal Bank of Scotland.
  • My fiance and I are are hoping to complete on a one bedroom apartment in Sparkhill which has share of freehold and a leasehold. The lease was starting to get low so the seller is in the process of dealing with a lease extension. The seller’s lawyer has submitted the lease extension paperwork to HMLR. An essential part of the house buying process is for our solicitors to do OS1 search on the property title. The concern here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we have to hold on until the new lease is registered?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bed flat in Sparkhill
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    Lease Extensions in Sparkhill

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