Are you the Lessee of a flat or maisonette and have you checked your lease term recently?
Ensure your Employees are Protected
A one stop solution for your employees' personal legal requirements.
Ensure your Employees are Protected
View your Life Journey
See what you need to be doing to keep your life in order and on track.
View your journey here
Services
Extend your
Lease
The length of the unexpired term of the lease is important for mortgage purposes and the premium payable to extend the lease so this could have an impact on the property if you try to sell. Most lenders check the unexpired term of the lease before deciding whether or not to lend money on a property. If you allow your lease term to go below 80 years the cost of extending the lease will be more than if the term is over 80 years. The current law entitles flat or maisonette lessees to extend their lease provided certain pre-conditions are met. We would advise leaseholders of flats or maisonettes to obtain a lease extension as soon as possible. This is due to the premium payable for the lease extension increasing as the unexpired term of the lease decreases. Do you qualify to extend your lease? Contact us to discuss your options.
Find out your conveyancing legal feeds instantly
View our Pricing Information here
Other services you may be interested in:
16/07/2021
SDLT Holiday and IHT Planning
A report in The Times[1] recently suggests house prices are beginning to fall as the Stamp Duty Land Tax exemption period came to an end on the 30th June 2021. The stamp duty ‘holiday’ as it came to be known saw a surge of conveyancing activity, especially in the run up to the deadline, with…
Read full news storyContact Us Today
Use the form below to get in touch with us about any questions you might have.Team
Julian Field
Director, Residential Conveyancing
Louise Jones
Associate Director, Head of New Homes and Regional Team Leader for Worcester and the West Midlands
Darren Cox
Regional Team Leader - Black Country & Wyre Forest. Associate Solicitor, Residential Conveyancing
Amy Gold-Mellish
Solicitor, Residential Conveyancing
Sidrah Walimia
Associate Solicitor, Residential Conveyancing
Samantha McHugo
Para-Legal, Residential Conveyancing
Andrew Piggin
Solicitor, Residential Conveyancing
Sian Birkett
Solicitor, Residential Conveyancing
Contact
Give us a call and we’ll get you to the right office and person to help you with your requirements.
Our latest news and events
27/07/2021
Employers can insist on mask-wearing if justified and proportionate
Although mask-wearing is no longer legally required, both employers and staff should use common sense and adopt a proportionate approach where needed, according to Thursfields Solicitors. The comments come as several workplace rows have broken out across England in the wake of the government’s lifting of restrictions on Monday 19th July. These have ranged from…
Read full news story
22/07/2021
Court’s break clause option ruling: is the tide turning in favour of tenants?
Thursfields Solicitors has welcomed the Court of Appeal’s overturning of a High Court decision in relation to the vacant possession requirement in a break clause. In the case of Capitol Park Leeds plc v Global Radio Services Ltd, the High Court initially held that a tenant’s failure to reinstate the landlord’s fixtures and fittings meant…
Read full news story