Top Ten Questions relating to Chatham Lease Extensions

  • We agreed with the freeholder for a lease extension on our flat located in Chatham, 20k for an extension by 90yrs. Are you able to guide us with this situation ?
  • I own a flat in Chatham with a leasehold unexpired slightly less than 68 years and need a lease extension. Please can you advise me of the next steps
  • I'm about to make an offer on a house in Chatham but I'm a little worried 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 National Westminster Bank giving us the mortgage now?
  • I am about to put an offer in on a two bedroom second floor purpose built maisonette in Chatham with a lease of sixety three years but unsure what I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Chatham, and my lease will reach 67 years this June. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the LVT court?
  • Think I may have made an error, I am actually looking for a conveyancing practitioners in Chatham who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can assist me with?
  • I am looking for advice as I am interested in a property that has only a 62 year lease and therefore requires a lease extension. Is it possible for me to call someone to discuss my options please?
  • Coming up to 2 years that I have been in my garden flat in Chatham. I have seventy two yrs remaining on the lease. I am now looking either to buy a share of freehold or extend my lease. I acquired the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
  • My partner and I have been in discussion with our freeholder after having a valuation on our ground floor flat in Chatham. We have a 63 year lease and we wish to increase this to 99. The Freeholder has provided us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • My OH and I are hoping to purchase a flat (a three bed flat located inChatham with share of freehold). During our search, we were always looking at properties that had a minimum 84 years left on the lease. We identified a place we liked and the estate agent promised us that the lease was long albeit not specifying a number. This morning our solicitors informed us the lease only has 68 years and thus requires a lease extension. Do we walk away, or do we reduce our offer?
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    Lease Extensions in Chatham

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