Examples of recent questions relating to Lease Extensions in Walsall

  • I am looking to extend the lease on my two bedroom first floor purpose built flat in Walsall which will have 56 years outstanding in November. What fees apply?
  • I am looking for a property lawyers in Walsall and they should be on the The Mortgage Works approved conveyancers panel as we need a lease extension and remortgage at the same time. Can you recommend any please ?
  • I invested in buying a 2 bed flat in Walsall with a leasehold unexpired of 72 years. I am enquiring about what I will need to spend to extend my lease
  • I am looking to buy a one bed flat in Walsall for asking price of 125k, which has 78 years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
  • My brother and I have been in discussion with our freeholder after having a valuation on our three bedroom first floor purpose built flat in Walsall. We have a sixety eight year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a conveyancers to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • I'm intent on buying a flat in Walsall valued at £210,000 the flat has approximately 76 years remaining on the lease. My offer was conditional upon the lease being extended... .. that was back in August, expecting I'd be in before now. They have just informed the agent they'll knock £4k off if they don't have to deal with the lease extension. I'm unsure if I should take them up on the offer
  • We are hoping to purchase a home (a one bedroom apartment based inWalsall with share of freehold). During our search, we were always looking at flats that had a minimum ninety years balance left. We came across a place we liked and the estate agent assured that the lease term was not an issue. Yesterday our conveyancers informed us the lease only has 78 years and therefore needs a lease extension. Should 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?
  • I am the registered freeholder to two flats. Someone has the lease on the lower flat in Walsall. I occupy in the upper flat. I was reviewing the title deeds recently when I noticed that my flat is leasehold. There is fivety four years unexpired. Is it possible to do a lease extension without retaining a conveyancing practitioners?
  • My and my partner know that others in the same block had already had a lease extension, and the freeholder was reasonable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous prices . This would save on double valuation charges. Would you recommend this course of action?
  • 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?
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    Lease Extensions in Walsall

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