Walmley Lease Extensions

Recently asked questions relating to Walmley Lease Extensions

Me and my fiance have just bought a studio flat inWalmley and I'm thinking about extending the lease as soon as possible e.g. in 24 months of ownership

My name´s Logan. I’m house hunting in Walmley I'm thinking about offering on a one bedroom apartment online, with around sixety three years unexpired lease, how much will it likely cost to get a lease extension by, say, ninety years?

I am considering acquiring an auction property and found a one bed flat in Walmley. It only has a 49 year lease..the current owner being mortgagees in possession dont want the aggravation of applying for a lease extension..what are the drawbacks of this other than the costly fee to put a new lease on it and reduced chance of getting a mortgage with Birmingham Midshires?

My flat in Walmley is up for sale and I have a hopefully firm offer. There is 79 years remaining on the lease and I want to extend the lease. How much will it likely cost to get a lease extension by, say,35 years

My husband and I would like to know the cost of a lease extension valuation for a property based in Walmley. Is this something you can help us with?

I'm living at mother and father but have a garden flat in Walmley let out which has a fivety six year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Walmley for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Should I keep or sell the flat?

My fiance and I are hoping to acquire a home (a garden flat located inWalmley with share of freehold). During our search, we were always looking at flats that had at least ninety years remaining. We identified a apartment we fell in love with and the estate agent assured that the lease was long albeit not specifying a number. Today our advised us the lease only has 61 years and thus requires a lease extension. Do we walk 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?

My and my partner are worried about seeking a lease extension from a difficult landlord. Regardless of the fact that the legal procedures were followed under the 1993 Act, the landlord still attempted to get ground rent of £200 increasing by 100% every twenty years of the new lease. Can you help?

I am currently negotiating a lease extension for my flat in Walmley as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?

Do you handle lease extensions on land? (a plot of land in Walmley with 82yrs remaining)

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