Lease Extensions in Chepstow

Frequently asked questions relating to Chepstow Lease Extensions

I have an interest in the freehold of 2 blocks of flats comprising of six flats each. Two of the leasehold owners want to extend their leases and I'm wondering about the procedure for this

My wife has a flat located in Chepstow which we have just put on the market. The leasehold has just over sixety nine years remaining on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we commence arranging a lease extension? Thank you.

Hello. I need someone to have a look at my lease extension before it's signed just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor amendments.

I am the owner of a maisonnette and the freehold. The owners of the upstairs flat have asked to extend the lease what do I need to do?

I am about to view a one bedroom maisonette, although not exactly my perfect property it has enough positives to suit me very well for my present circumstances. However after obtaining a copy of the title I've learnt that it only has sixety six years left on the lease. It is also a repossession so I'm assuming that the vendor will not be interested in extending the lease. My primary concern is would it be difficult to sell on without a lease extension?

I an interested in finding out more about leasehold property buying. We hope to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Chepstow area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to let the property?

I own 50% in a shared ownership property with a housing association and I am considering a lease extension on a lease which is now around 71 years. I need a at my end. Can you advise please? I live near Chepstow and have a mortgage with Santander.

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 extending the lease?

I am the freeholder of a property in Chepstow where the leaseholder has requested a lease extension. Her valuer has provided a figure of £8,000, but has increased this by £2,000 at the drop of a hat. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what fee would I be likely to face?

My and my fiance know that others in the same block had already had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of not having formal valuation and base the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?

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