Sample questions relating to Washwood Heath Lease Extensions

  • I am looking to extend the lease on my studio flat in Washwood Heath which will have fivety nine years left in November. What fees are applicable?
  • I am looking to either purchase the freehold or a lease extension of my property in Washwood Heath and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I plan to simultaneously get a new mortgage with Birmingham Midshires to free up equity. My adviser handling the remortgage suggested I get two quotes : one for the lease extension and one for outright purchase .The lease commenced in 1991 and since then the ground rent has increased from £38.00 per annum to £300 per annum.
  • I am a first time buyer of a leasehold flat in Washwood Heath. The lease has just fivety five years remaining and ground rent is £25. Is it possible for the vendor to serve the Notice of Claim and then transfer over the right to me as the buyer on the day of completion 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 costly to the owner? To add to the complexity it’s the case of an missing freeholder, so I am not sure how does it work.
  • Are you able to advise on the likely charges and the best way to get a lease extension started? I have approximately 54 years unexpired lease and I own a ground floor flat in Washwood Heath.
  • Re a residence in Washwood Heath. upper maisonette. fivety four yrs unexpired. I have negotiated a lease extension price of £14k for 125yrs. Freeholder also insisted on Notice of Claim which I think is a bit over the top. Advice required.
  • My husband and I have a first floor flat in Washwood Heath with sixety two years left. Last year we were quoted a deal to have a lease extension for a further 25 years but also increase ground rent from notional to £250 per annum..plus a premium I think of approximately 10k. Finally we have decided to proceed but do we now have to start the negotiations again?
  • I'm living at mum and dad but have a one bedroom second floor purpose built flat in Washwood Heath let out which has a 55 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 Washwood Heath 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 21k. Not sure sure whether to hold on or sell the flat?
  • Just a quick one, how much does it cost for a lease extension on a residential property in Washwood Heath for a two bed flat - section 42 is already in place?
  • I own the freehold to two flats. Someone has the lease on the lower flat in Washwood Heath. I live in the top flat. I was looking at the title deeds last night when I noticed that my flat has a lease on it. There is 64 years outstanding. If I want a lease extension then would I just be paying for the costs?
  • We know that others in the same block previously had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of not having formal valuation and base the initial offer on previous prices . This would save on double valuation fees. Would you suggest this course of action?

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