Top Ten Questions relating to Yardley Lease Extensions

  • My partner has an apartment based in Yardley which we have just put on the market. The leasehold has just over 65 years remaining on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we get started on a lease extension? Thank you.
  • I own a property in Yardley and it has approximately 59 years unexpired. I'd like to arrange a lease extension by twenty years
  • I plan on buying a flat based in Yardley. My offer is conditional upon a lease extension. The current owner’s has given to the freeholder the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Nottingham Building Society. Moreover, which are the following lease extension steps to complete the purchase?
  • I bought a garden flat in Yardley. I am looking to extend lease on the property. It is approaching eighty one years. I would just like to know what your charges are and how long it would take for completion.
  • I have my suspicions that my daughter might be having the wool pulled over her eyes. She submitted an offer on a 2 bed flat in Yardley, where the lease is roughly 76 years but she was told by the selling agents that the flat owner had extended it to 125 years. Only now has she been informed the owner was holding off for her to instruct lawyers before commencing with the lease extension. Seems odd to me, also it will take a while to sort it all out. What do you think?
  • I own a share of the freehold. There are three apartments in the block. All the leaseholders are now requiring lease extensions. What's your solicitors fee?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • I have seventy years remaining on my lease of a ground floor flat in Yardley, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is acceptable
  • I was hoping you might be able to tell me the process of how to apply for a lease extension for my maisonette in Yardley
  • I have a lease of seventy two years remaining on my flat in Yardley. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Yardley