Frequently asked questions relating to Wednesbury Lease Extensions

  • I own a leasehold flat in the Wednesbury area and was curious whether I could get a lease extension. What are your processes and fees. Has seventy eight years left
  • I am interested in getting a lease extension for a flat in Wednesbury and want to use a local . Are you able to help me find a ?
  • I want to acquire a leasehold property and extend the lease. The current owner 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 ?
  • We have seen a house for sale for £185,000 and we are very keen on but we've just found out that it is leasehold. There are 798 years remaining so a lease extension is not required. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any information would be much appreciated.
  • I bought a one bedroom apartment in Wednesbury. I am looking for a lease extension on the property. It is circa eighty years. I would just like to know what your charges are and how long the process takes.
  • I am a landlord of a block of flats in Wednesbury, and the tenants are in the process of being granted lease extensions. I should hopefully get funds next week. As I am not on self assessment do I get in touch with HMRC ?
  • Ref a property in Wednesbury. lower maisonette. 66 yrs unexpired. I have negotiated a lease extension price of £14k for 125yrs. Freeholder also insisted on Initial Notice which I think should not be required. Advice required.
  • Me and my sister are proceeding with buying a ground floor flat in Wednesbury. I was told that the lease had been lengthened (63 years remaining prior to extension). The description on the listing said "sold with a long lease". It turns out at the point of exchange of contracts we find that the lease has not been extended. The flat owner supposedly has a quote but no funds to extend as a result the owner wishes to exchange and use the my deposit to extend the lease. My question is is it not odd that my failed to pick this up far earlier than just before exchange?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I'm living with my mum and dad but have a studio flat in Wednesbury let out which has a fivety five 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 Wednesbury 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?

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