Questions and Answers: Cholsey Lease Extensions

  • I’m about to offer on a three bedroom first floor purpose built flat to buy in the Cholsey area and was enquiring how much would it cost for a lease extension? It has 60 years unexpired...
  • I'm intending to make an offer on a house in Cholsey 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 Barclays giving us the mortgage now?
  • I have been in touch with my freeholder for a lease extension for my flat in Cholsey. Her has been in contact concerning charges etc. I need an estimate for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started January 1992.
  • I am considering bidding for an auction property and identified a one bed flat in Cholsey. It has just 41 year lease..the vendor as mortgagees in possession dont want the aggravation of negotiating a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and reduced chance of getting a mortgage with Barclays ?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • I intend to buy a one bed flat in Cholsey for asking price of 156k, which has fivety six years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My question is: If landlord does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
  • I am the owner of a purpose-built apartment based in a small development in Cholsey. The leasehold interest in the apartment on a 101 year lease started from 21st March 1972 with a non-reviewable ground rent of £10 per annum. I would like to obtain a lease extension. Is it possible for me to call someone to discuss my options please?
  • My dad has a share of freehold, with two other leaseholders in a building in Cholsey. House converted into three apartments. He has a lease, which has approximately fivety four years outstanding. How much would it cost for a lease extension and how many years would he need to extend by?
  • I note that your website states the anticipated fee to extend a lease is £495. Is that the total cost including vat and the HMLR fee? The premium has already been agreed with the freeholder for the lease extension for my two bedroom ground floor purpose built maisonette in Cholsey
  • I am planning on refinancing my garden flat in Cholsey and the bank that I am looking to move to requires a minimum 80 years on the leasehold of my property in order for them to progress matters. We currently have around sixety two years on the leasehold so require some advice, guidance, and some quotes to start the lease extension process
  • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Cholsey