West Bromwich Lease Extensions: Q and A’s

  • I have got a leasehold flat in the West Bromwich area and was enquiring if I could obtain a lease extension. What are your processes and charges. There are fivety nine years left
  • I'm intending to make an offer on a house in West Bromwich but I'm concerned about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect The Mortgage Works giving us the mortgage now?
  • 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 have contacted my freeholder to extend my lease for my flat in West Bromwich. His has been in contact concerning fees etc. I need a quote for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started February 1990.
  • I'm considering buying a garden flat (leasehold) but the landlord has been missing for just under 15yrs. I wonder whether it will be less expensive to try to acquire the reversionary title or to get a lease extension and apply for right to manage?
  • I would like some guidance on purchasing a leasehold residence. We hope to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in West Bromwich area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?
  • I note that your website states the anticipated fee for dealing with a lease extension is £495. Is that the total cost excluding value added tax and the HMLR fee? The premium has already been negotiated with the freeholder for the lease extension for my three bedroom second floor purpose built flat in West Bromwich
  • My partner and I are in the throws of buying a property (a three bedroom first floor purpose built maisonette inWest Bromwich with share of freehold). Throughout our search, we were always looking at properties that had at least ninety years unexpired. We came across a place we liked and the selling agent promised us that the lease was long albeit not specifying a number. This morning our informed us the lease only has 77 years and thus requires a lease extension. Do we walk away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • My wife and I are aware that others in the same block had already had a lease extension, and the freeholder was amenable. It therefore appears worth taking risk of avoiding a formal valuation and calculate the initial offer on on the premiums paid by others . This would save on double valuation fees. Is this advisable?
  • I'm looking for some advice with regard to a lease extension on my three bed flat in West Bromwich. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good who specialises in lease extensions?

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