Extending Your Lease in Chatham – What Flat Owners Need to Know
Professional Leasehold Valuation Reports for Flat Owners in ME4
If you’re a leaseholder in Chatham, it’s essential to know how many years remain on your lease. Letting it drop below 80 years could significantly increase the cost of extending it. Whether you live in a converted flat in Brompton or a newer development near Chatham Dockside, we can help you take the right steps to protect your property’s value.
At Olden Property, we specialise in providing clear, fixed-fee lease extension valuations for flats across Chatham and the wider Medway area. Our valuations support both the statutory process under the Leasehold Reform Act 1993 and informal negotiations with your freeholder.
Why Extend Your Lease in Chatham?
Chatham has a wide mix of leasehold flats, including ex-local authority blocks, dockside apartments, and period conversions. Many were granted 99-year leases which are now beginning to shorten. As your lease term drops, your flat can become harder to sell or remortgage and the premium to extend increases.
If your lease is approaching or has fallen below 80 years, it’s time to act. Below this threshold, marriage value applies, increasing the cost significantly. Getting professional advice early can save you thousands in the long term.
Why Choose Olden Property in Chatham?
When it comes to lease extension valuations, selecting the right surveyor can have a real impact on both the premium you pay and the strength of your negotiating position. At Olden Property, we provide clear, professional advice to leaseholders in Chatham, helping you make informed decisions with confidence.
✔ RICS Registered Valuer
All valuations are undertaken by a qualified RICS Registered Valuer, ensuring your report meets the standards required by solicitors, freeholders, and the First-tier Tribunal.
✔ Local Market Knowledge in Chatham
We have a detailed understanding of the leasehold market across Chatham, including Brompton, Luton, Chatham Dockside, and surrounding areas. Our reports are backed by relevant local comparables and current market data.
✔ Fixed-Fee, Transparent Pricing
Our pricing is straightforward and fixed from the outset—no hourly rates, no hidden extras.
✔ Fast Turnaround and Personal Support
We understand the importance of timing, particularly when dealing with Section 42 Notices. We offer a prompt service and ongoing support, including communication with your solicitor and assistance throughout the lease extension process.
What You Can Expect from Our Service:
Clear, evidence-based lease extension valuations
Explanation of marriage value, premium calculations and negotiation strategy
Reports prepared by a RICS-registered surveyor
Suitable for both informal discussions and Section 42 statutory notices
Fixed-fee pricing with no hidden extras
Fast turnaround and local knowledge of the Medway property market
We work across Chatham, including:
Luton
Brompton
Chatham Maritime & Dockside
Central Chatham and ME4 postcode areas
“If you own a flat in Chatham with a lease nearing 80 years or fewer, now is the time to act. Once the lease drops below this threshold, the cost of extending it increases sharply due to the introduction of marriage value. Acting early not only reduces the premium payable but also preserves your property’s long-term marketability and mortgageability.
For freeholders in Chatham who receive a Section 42 Notice, securing a professional valuation ensures you’re fairly compensated for the extension of the lease and the loss of future ground rent.
At Olden Property, we assist both leaseholders and freeholders throughout the lease extension process, providing RICS-compliant valuations and negotiating support in accordance with the Leasehold Reform Act 1993.
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