Chelmsford Lease Extensions: Q and A’s

  • I agreed with the freeholder for a lease extension on our flat based in Chelmsford, 17.5k for an extension by 90yrs. How long is the process ?
  • I am considering investing in a second home but it has a lease that expires in fifteen years. Its in Chelmsford - I wanted to see if with your services it is possible for this to be extended?
  • I'm planning to make an offer on a house in Chelmsford 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 Barclays giving us the mortgage now?
  • I plan on buying a flat in Chelmsford. The offer is conditional upon a lease extension. The owner’s lawyers has served 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 Bank of Ireland. Moreover, which are the following lease extension steps to complete the purchase?
  • We have a GFF located in Chelmsford. There is 80 years unexpired on the lease and we want to extend the lease. How much does it cost on average to extend in this area by, say,35 years
  • Hello I am the freeholder interest in a 2 bedroom flat in Chelmsford. The leaseholder has a seventy five year lease and would like to purchase further 90 years. She is offering me £27,000 but I am unsure if this is a correct amount
  • I'm intent on purchasing a flat in Chelmsford valued at £256,000 the flat has just under fivety five years left on the lease. My offer was conditional upon a lease extension... .. that was back in August, expecting I'd be in before now. The owner has just come back saying they'll knock £3k off if I deal with the lease extension myself. I'm unsure whether that's a good idea
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Chelmsford for a one bed flat - section 42 is already served?
  • My brother and I are in the throws of buying a flat (a three bed flat based inChelmsford with share of freehold). Throughout our search, we were always looking at properties that had at least 83 years balance left. We came across a place we liked and the estate agent assured that the lease term was not an issue. Today our conveyancing practitioners told us the lease only has 55 years and therefore requires a lease extension. Do we walk away, or should we negotiate our offer?
  • We have a maisonette in Chelmsford with a lease of 67 years left with a value of around £410000 we want to add 125 years to it, how much is that likely to cost?
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    Lease Extensions in Chelmsford

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