FAQs concerning Wednesfield Lease Extensions

  • My wife and I are thinking about a lease extension for our leasehold house based in Wednesfield and we don't fully understand the communication that we received from our freehold company. Can you please help us with this situation?
  • I own a leasehold flat in the Wednesfield area and was wondering whether I could get a lease extension. What are your processes and fees. Has 66 years remaining
  • I am interested in getting a lease extension for a flat in Wednesfield and want to use a local . Is there a that you can recommend?
  • Do you only do lease extensions in Wednesfield? I own a flat in Abbey Wood with 90 years left, I am looking for a quote from a .
  • I have been in touch with my freeholder for a lease extension for my flat in Wednesfield. Her has been in contact concerning fees etc. I need a quote for dealing with the legalities to secure a lease extension. The property currently has a 99 YR lease which started February 1993.
  • My partner and I have a first floor flat in Wednesfield with 63 years remaining. Ten months ago we were quoted a deal to grant a lease extension for a further thirty years but also uplift the ground rent from nominal to a little more..plus a premium I think of about 14k. We have now decided to proceed but do we now have to renegotiate?
  • I am the owner of a purpose-built apartment based in a small development in Wednesfield. The leasehold interest in the flat on a 101 year lease started on 21st January 1972 with a non-reviewable ground rent of £25 per annum. I wish to obtain a lease extension. Is it possible for me to talk with someone to discuss my options please?
  • 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?
  • Coming up to two years that I have owned my garden flat in Wednesfield. I have sixety six yrs outstanding on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 450k. 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 funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • I own the freehold reversion of a property in Wednesfield and a leaseholder has requested a lease extension. Her valuer has provided a figure of £9,000, but has upped this by £2,000 at the drop of a hat. My valuer has put forward a much higher premium. Negotiations have broken down so it looks at though we need to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just equipped with the valuations I have? If not, what charges would I be likely to face?

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