Questions and Answers: Chigwell Lease Extensions

  • My partner agreed with the head landlord for a lease extension on our flat located in Chigwell, 10.5k for a further 90yrs. What's your legal fee ?
  • My partner has an apartment in Chigwell which we have just put on the market. The leasehold has around seventy three years residual lease term on it and we are concerned this will come up for anyone who may be interested. Can you please assist on how we commence arranging a lease extension? Thank you.
  • I need to extend my current lease can you assist? My investigation with the Land Registry reveal that it has 60 years balance left
  • We have seen a house for sale for £215k and we are very interested but we've just found out that it is leasehold. There are 798 years residual lease term 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 guidance would be much appreciated.
  • I inherited a garden flat in Chigwell. I am looking to extend lease on the property. It is approximately 80 years. I would just like to know what your charges are and how long the process takes.
  • I will soon view a one bedroom flat, although not exactly my dream property it has enough positives to suit me very well for my present situation. However after obtaining a copy of the title I've learnt that it only has 65 years unexpired 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 the short lease make it difficult to secure a mortgage?
  • I am looking at acquiring an auction property and found a studio flat in Chigwell. It only has a fifty-one year lease..the seller being mortgagees in possession dont want the aggravation of seeking a lease extension..what are the drawbacks of this except for the huge fee to put a new lease on it and decreased chance of obtaining a mortgage with Skipton Building Society?
  • My partner and I have a leasehold flat in Chigwell with 72 years left. Last year we were quoted a deal to grant a lease extension for another 25 years but also increase ground rent from notional to £200 per year..plus a premium I think of approximately 16k. Finally we have decided to move forward but do we now have to renegotiate?
  • Coming up to two years that I have owned my two bedroom ground floor purpose built flat in Chigwell. I have 64 years unexpired lease on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 350K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: Is there a benefit in getting a Chigwell based or any will do fine?
  • I own the freehold reversion of a property in Chigwell and a leaseholder would like a lease extension. Her so called valuation expert has suggested a figure of £8,000, but has increased this to £10,000 without too much effort. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what charges would I be likely to face?

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