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Extend your
Lease

Are you the Lessee of a flat or maisonette and have you checked your lease term recently?

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.

 

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20/12/2021

Free legal ‘Question Time’ seminar to be held live online by Thursfields

Top Midlands law firm Thursfields Solicitors has invited businesses and the general public to take part in its Talk Legal ‘Question Time’ event online in the New Year. The free, live webinar will take place on Zoom from 10am to 11am on Wednesday 2 February 2022. Thursfields has invited those interested to submit their legal…

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Team

Julian Field

Director, Residential Conveyancing

Louise Jones

Associate Director, Residential Conveyancing

Darren Cox

Associate Solicitor, Residential Conveyancing

Amy Gold-Mellish

Solicitor, Residential Conveyancing

Mary-Jane Bayliss

Associate Solicitor, Residential Conveyancing

Andrew Piggin

Solicitor, Residential Conveyancing

Sian Birkett

Solicitor, Residential Conveyancing

Lee Rodway

Team Lead – New Enquiries and Post Completions

Heather Povey

Post Completions Assistant, Residential Conveyancing

Morgan Brown

New Enquiries Assistant, Residential Conveyancing

Contact

Give us a call and we’ll get you to the right office and person to help you with your requirements.

T. 0345 20 73 72 8 T. 0345 20 73 72 8

Our latest news and events

25/01/2022

What landlords should look out for in commercial lease negotiations

Thursfields Solicitors has issued a new raft of advice on what landlords should look out for in commercial lease negotiations. Stewart Coles, associate director in the Commercial Property team at Thursfields, explained that such leases were complex and that landlords should take care when signing up new tenants. In particular, he was keen to explain…

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25/01/2022

Search is on for three local charities to benefit from chosen status at Thursfields

Three local charities are to receive focused fundraising, awareness, and volunteer support from Thursfields Solicitors for the 2022-23 year. The new charity of the year application window has now opened, and entries will be accepted for consideration until 25 March 2022. The charities will each be from areas served by Thursfields’ offices – one for…

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