FAQs concerning Streetly Lease Extensions

  • I agreed with the head landlord to a lease extension on our flat located in Streetly, 16k for an extension by 90yrs. Can you please assist us with this situation ?
  • Me and my OH have just purchased a one bedroom apartment located inStreetly and I'm considering a lease extension as soon as possible e.g. in two years
  • 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 have been in touch with my freeholder to extend my lease for my flat in Streetly. His has been in contact concerning fees etc. I need a quote for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started July 1993.
  • I am going to purchase a flat located in Streetly. The offer is conditional upon a lease extension. The vendor’s has given to the freeholder the Section 42 Notice. 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 Virgin Money. Moreover, which are the following lease extension steps to complete the purchase?
  • In 2012 I purchased a leasehold apartment in Streetly. I have built a big extension and have not informed my leaseholder. What should I do?
  • My mortgage provider requires several hundred pounds for their to agree a lease extension for my flat in Streetly... I can find no reference of this in my mortgage literature... is this a usual cost that they charge?
  • I am the freeholder of a property in Streetly and a leaseholder would like a lease extension. Her so called valuation expert has suggested a figure of £9,000, but has upped this by £2,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to a FTT, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to incur?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my 2 bed flat in Streetly
  • We have a studio flat in Streetly with a lease of seventy eight years left with a value of around £290000 we want to add 90 years to it, how much is that likely to cost?

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