Common questions relating to Woolavington Lease Extensions

  • My partner has a flat in Woolavington which we are about to put on the market. The leasehold has roughly seventy nine years left on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Many thanks.
  • My co-lessees and I are in a building comprising five flats in Woolavington and have been offered to buy the freehold for 5k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • Is it possible to talk with you about a leasehold property in Woolavington, I am considering buying at auction next week. The flat only has a few years remaining and I was wondering about how much it would cost to get a lease extension and for your services.
  • I'm looking for an apartment to purchase in Woolavington and I'm not really familiar with the leasehold arrangement. I've found a two bedroom ground floor purpose built maisonette I like with a 90 years lease. My research reveals that I can apply for a lease extension after 2 years, but:- Should I anticipate any issue with my proposed mortgage lender Birmingham Midshires?
  • We are considering purchasing a maisonette in Woolavington which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from extending the lease?
  • I an interested in finding out more about leasehold property buying. We are going to buy a link detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Woolavington area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to rent out the property?
  • Coming up to two years that I have owned my one bedroom apartment in Woolavington. I have sixety six yrs remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I purchased the property for 342K, 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: Is there a benefit in getting a Woolavington based or any will do fine?
  • I own the freehold of a couple of flats. Someone has the lease on the ground flat in Woolavington. I live in the upper flat. I was reviewing the land registry documents today when I noticed that my flat is leasehold. There is 70 years unexpired. Can one do a lease extension without using a ?
  • I am currently negotiating a lease extension for my flat in Woolavington 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?
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my one bedroom apartment in Woolavington
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