FAQs concerning Sutton Coldfield Lease Extensions

  • I own a leasehold flat in the Sutton Coldfield area and was wondering whether I could obtain a lease extension. What are your processes and fees. Has seventy five years residual lease term
  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has seventy five years residual lease term.
  • 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 own a maisonnette together with the freehold title. My downstairs neighbours have asked to extend the lease what do I need to do?
  • I am looking to either purchase the freehold or a lease extension of my property in Sutton Coldfield and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously get a new mortgage with Coventry Building Society to free up equity. My adviser handling the remortgage suggested I get two estimates : one to extend the lease and one for the freehold acquisition .The lease started in 1991 and since then the ground rent has increased from £25.00 per annum to £200 per annum.
  • Are you able to advise on the likely expense and the optimum way to start the lease extension process? I have approximately sixety eight years unexpired lease and I own a ground floor flat in Sutton Coldfield.
  • I am interested in getting my lease extended and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I own a purpose-built apartment based in a large block in Sutton Coldfield. The leasehold interest in the apartment on a ninety five year lease started from 30th March 1969 with a fixed ground rent of £15 per annum. I would like to obtain a lease extension. Can I call someone to discuss my options please?
  • I own the freehold reversion of a property in Sutton Coldfield where the leaseholder has requested a lease extension. Her so called valuation expert has suggested a figure of £8,000, but has increased this to £10,000 at the drop of a hat. My valuer has suggested a much higher premium. Negotiations have broken down so it looks at though we need to go to LVT. 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 fee 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 three bed flat in Sutton Coldfield

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