West Bromwich Lease Extensions: Q and A’s

  • My partner has an apartment in West Bromwich which we are about to put on the market. The leasehold has just over fivety five years residual lease term on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we commence arranging a lease extension? Thank you.
  • 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?
  • We own a leasehold with a landlord who has failed to give us a counter-notice for a lease extension for our flat in West Bromwich and looking to do a vesting order. Is this something you can handle for us?
  • I am deliberating whether to purchase the freehold or a lease extension of my property in West Bromwich and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I will be doing a remortgage with Aldermore to free up equity. The adviser dealing with the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease began in 1979 and since then the ground rent has been raised from £25.00 per year to £100 per annum.
  • I have a leasehold apartment in West Bromwich. I have built a large extension and have not informed my freeholder. What should I do?
  • My son has a share of freehold, with two other leaseholders in a building in West Bromwich. House divided into three flats. He has a lease, which has nearly 68 yrs remaining. How much would it cost for a lease extension and how many years would he need to extend by?
  • I own 70% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 62 years. I need a at my end. Can you advise please? I live near West Bromwich and have a mortgage with Accord Mortgages Ltd.
  • I'm living at mum and dad but have a studio flat in West Bromwich let out which has a seventy nine 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 West Bromwich 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 19k. Should I keep or sell the flat?
  • Even though I may not need a lease extension but I do need a vesting order on a property I want to buy in West Bromwich. The house is freehold but the garden is officially leasehold, 995 year lease from 1854. Its the rear garden.
  • My and my fiance are worried about seeking a lease extension from a difficult freeholder. Even though the correct procedures were followed under the 1993 Act, the landlord still attempted to charge ground rent of £200 increasing by 100% every twenty five years of the new lease. Can you help?

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