Questions and Answers: Chester Lease Extensions

  • 20,000 agreed with the freeholder, just attempting to find a Chester for a lease extension. Our flat has roughly 65 yrsoutstanding. How long will this take ?
  • I am looking for a lease extension on the lease on my one bedroom apartment in Chester which will have 74 years remaining in November. What fees do you charge for this?
  • We would like to extend our lease having owned the property for two years as of 22nd March 2016. It has about sixety seven years remaining currently. Hoping to get a lease extension with a further 90 years as expeditiously and stress free as possible.
  • My fiance and I are proceeding with buying a one bedroom apartment in Chester. I was advised by the EA that the lease extension had already been completed while on a viewing (59 years remaining prior to extension). The description on the listing stated "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The flat owner apparently has a quote but no money to extend and consequently the flat owner wishes to exchange and use the deposit monies to extend the lease. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
  • Me and my partner would like to know the cost of a lease extension valuation for a property based in Chester. Would you be able to help?
  • I'm living with my mother and father but have a three bedroom first floor purpose built flat in Chester let out which has a seventy eight year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Chester for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
  • We have been in discussion with our freeholder after having a valuation on our ground floor flat in Chester. We have a sixety seven year lease and we wish to increase this to 99. The Freeholder has supplied us with a premium amount that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on our behalf.
  • We are hoping to acquire a property (a 2 bed flat located inChester with share of freehold). Throughout our search, we were always looking at properties that had at least 83 years remaining. We came across a apartment we fell in love with and the estate agent promised us that the lease term was not an issue. This morning our told us the lease only has 60 years and thus needs a lease extension. Do we run away, or should we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?
  • Are you able to provide an estimate to extend my mother’s lease on a ground floor flat in Chester. She recently got a figure from the freeholder for a lease extension but I am not sure it is too expensive.
  • I am planning on refinancing my studio flat in Chester and the new lender that I am looking to move to requires a minimum 85 years remaining on the lease in order for them to progress matters. We currently have around 62 years on the leasehold so require some help, guidance, and some quotes to get the wheels in motion for a lease extension

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