Frequently asked questions relating to Wednesfield Lease Extensions

  • I have just bought a studio flat inWednesfield and I'm thinking about extending the lease as soon as practicable e.g. in a couple of years
  • I’m just looking for a one bedroom apartment to purchase in the Wednesfield area and was curious what the likely fees would be to extend a lease? It has seventy one years remaining...
  • I am fairly sure that our has advised us incorrectly concerning a lease extension and I want to know how to complain
  • 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?
  • Me and my fiance are considering purchasing a 2 bed flat in Wednesfield which is a leasehold. I am wanting to weigh up the pros and cons of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from having a lease extension?
  • Coming up to 2 years that I have been in my garden flat in Wednesfield. I have 69 yrs 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 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of financing - do they add it to their existing mortgage or pay it out in cash?
  • Although I do not need a lease extension but I do need a vesting order on a property I want to purchase in Wednesfield. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1895. Its the garden area.
  • I have a freehold of a 2 bedroom flat in Wednesfield. The leaseholders have fivety seven years on a lease and wants to purchase another 90 years. The have offered me 19k. Is this around the right price?
  • Me and my OH are are hoping to complete on a garden flat in Wednesfield which has share of freehold and a leasehold. The lease was starting to get low so the owner is in the process of extending the lease. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the conveyancing process is for our to do OS1 search on the lease. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we have to be patient pending registration of the new lease?
  • I am currently in the process of refinancing my one bedroom ground floor purpose built maisonette in Wednesfield and the next lender that I am looking to move to requires a minimum 85 years remaining on the lease in order for them to progress matters. We currently have around 75 years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process

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