Top Ten Questions relating to Tamworth Lease Extensions

  • My name´s Henry. I’m house hunting in Tamworth I'm deliberating offering on a studio flat online, with around 65 years left, how much does it cost on average to extend in this location by, say, fifty years?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I intend to buy. It has 56 years balance left.
  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 899 years remaining 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 twenty years without owning the property. Any guidance would be much appreciated.
  • I have been in touch with my freeholder for a lease extension for my flat in Tamworth. His has been in contact with costs etc. I need a quote for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started Septembmer 199.
  • I am looking into the costs of carrying out a lease extension for my three bedroom ground floor purpose built flat in Tamworth, and would like some figures on that.
  • I am a FTB of a leasehold flat in Tamworth. The lease has only seventy eight years residual lease term and ground rent is £25. Is it possible for the vendor to serve the Initial Notice and then transfer over the right to me as the buyer once I complete the buying process so that I can avoid waiting for the two year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the flat owner? To add to the complexity the freeholder is absent, so I am not sure how this will play out.
  • Offer accepted on a a garden flat in Tamworth, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as 82 years.We are soon to exchange contracts in a couple of days. My query is Have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • I am looking to buy a one bed flat in Tamworth for asking price of 145k, which has 77 years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • Me and my OH would like to know the cost of a lease extension valuation for a property based in Tamworth. Is this something you can assist us with?
  • We currently own a three bed flat in Tamworth and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy two years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?

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