Top Ten Questions relating to Gatley Lease Extensions

  • My wife has a flat located in Gatley which we are about to put on the market. The leasehold has just under 73 years outstanding on it and we are concerned this will come up for anyone who may be interested. I am interested in more information on how we get started on a lease extension? Thank you.
  • I own a maisonnette and the freehold reversion. The owners of the downstairs flat have asked for a lease extension what do I need to do?
  • I am looking into the costs of carrying out a lease extension for my garden flat in Gatley, and would like some figures on that.
  • My mortgage provider requires a £450 fee for their for a "deed of substituted security" for the lease extension for my flat in Gatley... I can find no reference of this in my mortgage guide... is this a usual charge?
  • I am thinking about bidding for an auction property and identified a studio flat in Gatley. It only has a fifty year lease..the seller as mortgagees in possession will not want to mess around with applying for a lease extension..what are the disadvantages of this except for the huge fee to extend the lease and decreased chance of obtaining a mortgage with Chelsea Building Society?
  • My flat in Gatley is up for sale and I have a hopefully firm offer. There is 79 years remaining on the lease and I want to extend the lease. What will it likely cost to get a lease extension by, say,twenty years
  • I am in need of a lease extension for my flat in Gatley and was advised previously that I must get the funds readily available, is this the case or can I start the process beforehand?
  • I own 50% in a shared ownership flat with a housing association and I am considering a lease extension on a lease which is now around 67 years. I need a at my end. Can you advise please? I live near Gatley and have a mortgage with Chelsea Building Society.
  • Hopefully an easy question for you, how much are the legal fees for a lease extension on a residential property in Gatley for a two bed flat - section 42 having been issued?
  • My and my partner know that others in the same block previously had a lease extension, and the freeholder was amenable. Therefore is seems worth taking risk of not having formal valuation and base the initial offer on previous prices . This would save on double valuation charges. Would you recommend such a course of action?

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