Recently asked questions relating to Walmley Lease Extensions

  • I’m thinking about a lease extension for our ground floor flat in Walmley and we don't fully comprehend the communication that we received from our freehold company. What's your solicitors fee?
  • I want to acquire a leasehold property and extend the lease. The vendor has been there for three years and will assign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Walmley, and my lease will reach 75 years this March. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I plan on buying a flat in Walmley. The offer is conditional upon a lease extension. The current owner’s conveyancers has given to the freeholder the Notice of Claim. 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 Barclays Direct. Moreover, which are the following lease extension steps to complete the purchase?
  • We hope to sell our studio flat in Walmley but we may need a lease extension, or at least cover the expense of our purchaser. Can you help me find a conveyancers to help us?
  • I bought a one bedroom apartment in Walmley. I am looking for a lease extension on the property. It is circa 80 years. I would just like to know what your charges are and how long the process takes.
  • We have a one bedroom flat in Walmley. There is 81 years left on the lease and we want a lease extension. What does it cost on average to get a lease extension by, say,twenty years
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I initiate the process, is this correct?
  • I am looking to buy a one bed flat in Walmley for asking price of 145k, which has 55 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 surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • Coming up to two years that I have owned my garden flat in Walmley. I have seventy nine years left on the lease. I am now looking either to purchase a share of freehold or extend my lease. I purchased the property for 342K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: What can I expect in terms of legal charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?
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    Lease Extensions in Walmley

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