Cheslyn Hay Lease Extensions: Q and A’s

  • I own a leasehold flat in the Cheslyn Hay area and was curious if I could obtain a lease extension. What are your processes and fees. There are 61 years outstanding
  • 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 928 years residual lease term 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 owning the property. Any guidance would be much appreciated.
  • I bought a studio flat in Cheslyn Hay. I am looking to extend lease on the property. It is nearly 80 years. I would just like to know what your charges are and how long the process takes.
  • I need to talk to you about an apartment in Cheslyn Hay, I am considering buying at auction in the next few days. The flat has a short lease and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • I am looking at bidding for an auction property and identified a one bed flat in Cheslyn Hay. It only has a fifty-one year lease..the vendor being mortgagees in possession dont want the aggravation of seeking a lease extension..what are the drawbacks of this except for the expensive fee to put a new lease on it and reduced chance of obtaining a mortgage with Accord Mortgages Ltd?
  • Offer accepted on a a garden flat in Cheslyn Hay, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer come through which states the lease as 82 years.We are soon to exchange contracts in a couple of days. My question is why has this only just been brought to my attention by my ?
  • 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?
  • My dad has a share of freehold, with two other leaseholders in a building in Cheslyn Hay. House converted into three flats. He has a lease, which has around sixety nine yrs unexpired lease. How much would it cost for a lease extension and how many years would he need to extend by?
  • I am currently in the process of remortgaging my ground floor flat in Cheslyn Hay and the next lender that I am looking to switch to needs at least 85 years remaining on the lease in order for them to progress matters. We currently have around fivety six years on the leasehold so looking for some help, guidance, and some quotes to get the wheels in motion for a lease extension
  • We currently own a one bedroom apartment in Cheslyn Hay and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has 60 years left. Not sure what to do, have read some bits on the web saying it will be 13k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?

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