Top Ten Questions relating to Cheltenham Lease Extensions

  • My OH and I have just acquired a studio flat based inCheltenham and I'm thinking about extending the lease as soon as possible e.g. in a couple of years
  • My partner has a flat in Cheltenham which we are about to put on the market. The leasehold has roughly 58 years outstanding on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we get started on a lease extension? Thank you.
  • I purchased a property in Cheltenham and it has circa seventy four years unexpired. I'd like to extend the lease period
  • 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 left so a lease extension is not a concern. 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 owning the property. Any suggestions would be much appreciated.
  • I inherited a garden flat based in Cheltenham with a leasehold unexpired of fivety six years. I am curious about how much I will need to spend to extend my lease term
  • I am going to purchase a flat based in Cheltenham. My offer is conditional upon a lease extension. The seller’s has given to the freeholder the Notice of Claim. 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 Britannia. Moreover, which are the following lease extension steps to complete the purchase?
  • Me and my partner are considering purchasing a maisonette in Cheltenham 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?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • I note that your website states the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost excluding value added tax and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my garden flat in Cheltenham
  • Me and my fiance are hoping to purchase a home (a garden flat based inCheltenham with share of freehold). During our search, we were always looking at flats that had at least eighty five years remaining. We found a apartment we fell in love with and the estate agent promised us that the lease was long albeit not specifying a number. This morning our informed us the lease only has 75 years and thus needs a lease extension. Should we walk away, or should we negotiate our offer?

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