Walsall Lease Extension - Your Legal Fees Calculator
Walsall Lease Extensions: Q and A’s
I’m seeking a lease extension for our garden flat based in Walsall and we are confused by the communication that we got from our landlord company. How long will it take?
I invested in buying a property in Walsall and it has about 67 years outstanding. I'd like to extend the lease period
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 would like to have my residential flat leasehold extension premium assessed. The flat is in Walsall, and my lease will reach sixety three years this February. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
We are selling our garden flat in Walsall but we may need a lease extension, or possibly cover the costs of our buyers. Can you recommend someone to handle this?
I am looking to either purchase the freehold or a lease extension of my property in Walsall and have been in touch with the freeholder, have had quote for around £2500 to extend the lease. I will be doing a get a new mortgage with Alliance & Leicester to release of equity. The broker dealing with the remortgage suggested I get two quotes : one to extend the lease and one for outright acquisition .The lease started in 1991 and since then the ground rent has been raised from £15.00 per year to £125 per annum.
I own a leasehold flat in Walsall. I have built a large extension and have not informed the freeholder. What should I do?
I am a first time buyer of a leasehold flat in Walsall. The lease has only 65 years unexpired and ground rent is £50. Is it possible for the owner to serve the Initial Notice and then assign over the right to me as the purchaser 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 achievable but will it be very time consuming to the owner? To add to the complexity it’s the case of an absent landlord, so I am not sure how this will play out.
Coming up to 2 years that I have been in my 2 bed flat in Walsall. I have seventy eight years outstanding on the lease. I am now looking either to buy 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 conveyancers 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 goes to LVT)?
I am currently negotiating a lease extension for my flat in Walsall 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?