Lease Extensions in Chelmsford

Questions and Answers: Chelmsford Lease Extensions

My name´s Dexter. I’m flat hunting in Chelmsford I'm seeing a 2 bed flat online, with just over 69 years remaining, how much does it cost on average to extend in this location by, say, 45 years?

In 2012 I purchased a leasehold apartment in Chelmsford. I have built a big extension and have not informed my leaseholder. What are my options?

How much will it cost me and what is the best way to start the lease extension process? I have just over 55 years unexpired lease on my lease on a maisonette in Chelmsford. I have called the managing agents who act on behalf of the head landlord and they sent me the number of the valuer. I left a phone message for the surveyor but I am not receiving any returned calls.

I am concerned that my daughter is being hoodwinked. She submitted an offer on a maisonette in Chelmsford, where the lease is slightly less fivety eight years but she was informed by the estate agents that the homeowner had extended it to 125 years. She has now been informed the homeowner was waiting for her to appoint conveyancers ahead of instigating the lease extension. Seems odd to me, also it will take months to sort it all out. What do you think?

I have a share of the freehold. There are five apartments in the house. All the leaseholders are now requiring lease extensions. How long will take to get a lease extension?

If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?

Just a quick question, how much does it cost for a lease extension on a residential property in Chelmsford for a three bed flat - sec 42 is already in place?

I'm seeking some help with regard to extending the lease on my apartment. I'll be looking to do this next June 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 LVT route. Should I look to complete the lease extension now or wait until I sell my place and have it all tied in with the property sale?

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?

Do you handle lease extensions on land? (a plot of land in Chelmsford with 82yrs remaining)

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