FAQs concerning Wednesfield Lease Extensions

  • I’ve just purchased a garden flat inWednesfield and I'm thinking about a lease extension as soon as practicable e.g. after 24 months of ownership
  • I have shares in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leasehold owners want to extend their leases and I'm curious about the procedure for this
  • I am looking at investing in a second home but it has a lease that expires in fifteen years. Its in Wednesfield - I wanted to see if with your services this could be extended?
  • We hope to sell our garden flat in Wednesfield but we may need to extend the lease, or possibly cover the costs of our buyers. Are you able to help me find someone to help us?
  • I'm thinking of purchasing a garden flat (leasehold) but the landlord has been missing for circa 15yrs. My question is would it be cheaper to try to buy the freehold or to get a lease extension and apply for right to manage?
  • We bought a leasehold with a freeholder who has failed to give us a counter-notice for a lease extension for our flat in Wednesfield and are therefore deliberating the option of a vesting order. Is this something you can handle for us?
  • I'm looking for a flat to purchase in Wednesfield and I'm not really familiar with the leasehold title. I've identified a one bedroom apartment I like with a 82 years lease. My research reveals that I can get a lease extension having owned the property for a couple of years, but:- Should I anticipate any issue with my proposed mortgage lender Nationwide Building Society?
  • We are considering buying a garden flat in Wednesfield which is a leasehold. I am wondering what are the advantages and disadvantages of that - what occurs 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?
  • I an interested in finding out more about purchasing a leasehold residence. We plan to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Wednesfield area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
  • I am currently negotiating a lease extension for my flat in Wednesfield 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 Wednesfield

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