Questions and Answers: Tamworth Lease Extensions

  • My wife has an apartment located in Tamworth which we have just put on the market. The leasehold has nearon sixety seven years balance left on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Thank you.
  • I am looking for a in Tamworth and they should be on the Godiva Mortgages Ltd approved conveyancers panel as we need a lease extension and refinance at the same time. Are you able to recommend a ?
  • The terms for the lease on my flat in Tamworth are 95 years from 1 Feb 1989. Can you provide me a quote for a lease extension if I give you more details please?
  • I am looking to either purchase the freehold or a lease extension of my property in Tamworth and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a remortgage with Aldermore to release of equity. The broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for outright acquisition .The lease began in 1979 and since then the ground rent has increased from £38.00 per year to £125 per annum.
  • In 2010 I purchased a leasehold flat in Tamworth. I have built a huge extension and have not informed my freeholder. What are my options?
  • We are considering purchasing a maisonette in Tamworth which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from extending the lease?
  • My nephew has a share of freehold, with two other leaseholders in a building in Tamworth. House converted into three apartments. He has a lease, which has around seventy seven yrs unexpired lease. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
  • Although I do not need a lease extension but I do need a vesting order on a property I want to buy in Tamworth. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the garden area.
  • I'm intent on purchasing a flat in Tamworth at a price of £195,000 the flat has approaching fivety nine years left on the lease. My offer was subject to the lease being renewed... .. that was back in September, expecting I'd have completed by now. They have just informed the agent they are willing to reduce the price by£2k if they don't have to deal with the lease extension. I'm not sure if I should take them up on the offer
  • We are in the throws of buying a flat (a ground floor flat located inTamworth with share of freehold). Throughout our search, we were always looking at properties that had a minimum 84 years left. We identified a apartment we fell in love with and the selling agent assured that the lease term was not an issue. Yesterday our advised us the lease only has fivety nine years and therefore needs a lease extension. Do we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?

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