West Bromwich Lease Extensions: Q and A’s

  • I’m just looking for a studio flat to buy in the West Bromwich area and was curious what the likely fees would be to extend a lease? It has 74 years unexpired...
  • Do you only undertake lease extensions in West Bromwich? I own a flat in Abbey Wood with 90 years outstanding, I am looking for a quote from a .
  • 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?
  • I'm considering purchasing a two bedroom first floor purpose built flat (leasehold) but the freeholder has been absent for approximately 15yrs. My query is would it be less expensive to try to buy the freehold or to extend lease and apply for right to manage?
  • I purchased a maisonette in West Bromwich. I am looking to extend lease on the property. It is nearon 80 years. I would just like to know what your charges are and how long it would take for completion.
  • Offer accepted on a a garden flat in West Bromwich, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as 82 years.We are about to exchange contracts in a couple of days. My question is Have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • I own the freehold reversion of a property in West Bromwich and a leaseholder would like a lease extension. Her valuer has suggested a figure of £8,000, but has increased this by £2,000 without too much effort. My surveyor has recommended a much higher amount. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what charges would I be likely to face?
  • I am currently in the process of remortgaging my maisonette in West Bromwich and the bank that I am looking to move to needs a minimum 80 years remaining on the lease in order for them to take the mortgage forward. We currently have around 74 years on the leasehold so require some advice, guidance, and some quotes to get the wheels in motion for a lease extension
  • We currently own a one bed flat in West Bromwich and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy five years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Should I contact the landlord first and will they be able to give me a cost?
  • We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my maisonette in West Bromwich

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