FAQs concerning Chesterton Lease Extensions

  • I own a property in Chesterton and it has roughly fivety six years remaining. I'd like to extend the lease period
  • I'm wanting to make an offer on a house in Chesterton but I'm a little worried about it being leasehold. Do you know what title absolute means and is this regarding the lease? Also, we have asked to see a copy of the lease but the homeowner said they might not have it. We are worried about restrictions, and dont know what to do. We have also been approved for the mortgage but the lender doesn't know its leasehold. Do houses qualify for lease extension? Will this affect The Mortgage Works giving us the mortgage now?
  • I am looking for a rough estimate of what a lease extension will cost for a flat I would like to buy. It has fivety nine years balance left.
  • I'm thinking of buying a maisonette (leasehold) but the landlord has been absent for around 15yrs. My question is would it be cheaper to try to purchase the reversionary title or to get a lease extension and apply for RTM?
  • What will it cost me and what is the best way to get a lease extension started? I have approximately 56 years remaining on my lease on a one bedroom first floor purpose built maisonette in Chesterton. I have emailed the agent who represent the freeholder and they provided me with the number for the valuer. I have contacted the surveyor but I am not getting any kind of response.
  • I have my suspicions that my daughter might be having the wool pulled over her eyes. She submitted an offer on a ground floor flat in Chesterton, where the lease is nearly 64 years but she was told by the estate agents that the flat owner had extended it to 125 years. She has now been told the owner was holding off for her to retain solicitors prior to commencing with the lease extension. Seems underhand, also it may take time to sort it all out. Am I being too sceptical?
  • My wife and I have a first floor flat in Chesterton with seventy five years left. Ten months ago we were quoted a deal to grant a lease extension for a further 25 years but also increase ground rent from notional to a little more..plus a premium I think of about 9k. We have now decided to move forward but do we now have to start the negotiations again?
  • We are buying a one bedroom apartment in Chesterton which has share of freehold and a leasehold. The lease was starting to get low so the vendor commenced dealing with a lease extension. The vendor has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. An essential part of the conveyancing process is for our to do a pre-completion search on the property title. 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 has not been issued. Is it correct that we have to be patient until the lease extension has actually been registered before completing.?
  • We have a garden flat in Chesterton with a lease of 61 years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?
  • I'm looking for some advice with regard to a lease extension on my studio flat in Chesterton. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?

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