Fitting a saddle tray to Chimney

My 1960s Bungalow has been built with the chimney saddle tray below
the roof line, hence heavy rain gives a wet ceiling in the upstairs
bedroom. How easy is it to put in a new saddlle tray further up the
chimney and how far down from the top does it need to be as its a high
chimney (2M to flat dormer roof). Its a shared stack so I could only
do my side. The other option would be to bend down the tray that there
perhaps so water comes all the way down and is spread around?
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