Questions and Answers: Chelsea Lease Extensions

  • We have just acquired a maisonette based inChelsea and I'm deliberating extending the lease as soon as possible e.g. after two years
  • I acquired a three bed flat in Chelsea that I now cannot sell as a result of the lease requiring a lease extension. How long will it take ?
  • We hope to sell our GFF in Chelsea but we may require a lease extension, or at least cover the expense of our purchaser. Can you help me find a to assist?
  • Think I may have made a mistake, I am searching for a in Chelsea who has Leasehold Tribunal expertise when it comes to lease extensions. Is this something you can assist me with?
  • My mortgage lender is requesting a £450 fee for their to approve the lease extension deed for my flat in Chelsea... I am unable to find any mention of this in my mortgage booklet... is this a standard fee to pay?
  • I am seeking advice as I am interested in a property that has only a seventy two year lease and therefore requires a lease extension. Can I talk with someone to discuss my options please?
  • I own 60% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around sixety years. I need a at my end. Can you advise please? I live near Chelsea and have a mortgage with Coventry Building Society.
  • If a leaseholder owns a flat with a lease of less than 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?
  • My OH and I are acquiring a 2 bed flat in Chelsea which has share of freehold and a leasehold. The lease was on the short side so the seller is in the process of extending the lease. The owner has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we must be patient pending registration of the new lease?
  • I have a lease of 57 years remaining on my flat in Chelsea. 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 Chelsea