FAQs concerning Chelmsford Lease Extensions

  • I bought a flat in Chelmsford with a leasehold unexpired slightly less than 74 years and need to extend it. Please can you clarify the next stages
  • I am looking for a lease extension on the lease on my maisonette in Chelmsford which will have 57 years remaining in January. What fees do you charge for this?
  • We have seen a house for sale for £185,000 and we are very interested but we've just found out that it is leasehold. There are 798 years balance left so a lease extension is not an issue. 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 correct? We wouldn't want to pay a mortgage for twenty years without the house being ours. Any guidance would be much appreciated.
  • I have a lease of seventy six years on a property which I am looking to buy how much am I looking at for the cost to extend the lease?
  • I need to talk to you about a leasehold property in Chelmsford, I am considering buying at auction next week. The flat only has a few years outstanding and I am curious about what it would cost to get a lease extension and for your services.
  • My mortgage provider is requesting a £500 fee for their to approve the lease extension deed for my flat in Chelmsford... I can find no mention of this in my mortgage guide... is this a normal fee to pay?
  • We are considering purchasing a one bedroom apartment in Chelmsford which is a leasehold. I am wondering what are the pros and cons of that - what occurs when lease ends, the cost of a lease extension, can the freeholder of the land evict me from my own flat and prevent me from extending the lease?
  • 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'm seeking some advice concerning a lease extension on my apartment. I'll be looking to do this next autumn as we need to move then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Can you recommend a good with expertise in lease extensions. Ideally someone in Chelmsford area?
  • I am currently negotiating a lease extension for my flat in Chelmsford 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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