Common questions relating to Wolverhampton Lease Extensions

  • We have seen a house for sale for £215k and we are very interested but we've just discovered that it is leasehold. There are 798 years left so a lease extension is not a concern. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this true? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any feedback would be much appreciated.
  • I am looking for a in Wolverhampton and they need to be on the Barclays approved conveyancers panel as we need a lease extension and remortgage at the same time. Are you able to recommend any please ?
  • Hi. I need someone to have a look at my lease extension prior to it being signed just to make sure there's nothing that I haven't seen - it's just a reissue with a few small amendments.
  • I own a maisonnette together with the freehold of both flats. The owners of the downstairs flat have asked to extend the lease what do I need to do?
  • I am the registered owner of a studio flat in Wolverhampton. The lease started in 1997 for 99 years. Now I am wanting for a lease extension. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
  • I'm looking for a flat to purchase in Wolverhampton and I'm not really familiar with the leasehold title. I've found a studio flat I like with a 87 years lease. My research reveals that I can apply for a lease extension having owned the property for a couple of years, but:- Should I be looking for some caveats that would prevent me for getting a lease extension?
  • I'm living at mum and dad but have a 2 bed flat in Wolverhampton let out which has a 74 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 Wolverhampton 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 21k. Should I keep or sell the flat?
  • Are you able to provide an estimate to extend my mother’s lease on a one bedroom apartment in Wolverhampton. She already has a figure from the landlord for a lease extension but I am not sure it is reasonable.
  • We currently own a three bed flat in Wolverhampton 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 sixety one years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Wolverhampton 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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