Are you the Lessee of a flat or maisonette and have you checked your lease term recently?
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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.
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11/02/2021
Government’s low-cost loans for cladding removal need careful scrutiny
Expert property lawyer, Darren Cox of Thursfields Solicitors has highlighted a potential problem with the government’s new plans to finance the removal of unsafe cladding on blocks of flats. Darren was commenting after Housing Secretary Robert Jenrick announced that flammable materials will be removed from buildings over 18m high “at no cost to residents”, but…
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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
Aimee Postings
Conveyancing Executive, Residential Conveyancing
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Our latest news and events
12/05/2021
What will flexible working arrangements mean for shared parenting?
If flexible working was a growing trend in forward-looking companies before the pandemic, the idea has certainly grown as we have learned to cope with successive lockdowns. Already it seems as if agile working is here to stay as more and more businesses have grown accustomed to and accepted that staff can work productively from…
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10/05/2021
Thursfields wraps up packaging sale for shareholders of SARPAK
The corporate team at Thursfields Solicitors has advised the owners of a packaging specialist based in Port Talbot on its sale to the UK subsidiary of a French-owned group. SARPAK has been acquired by Alfaplas, the Hereford-based subsidiary of French headquartered Sphere for an undisclosed sum. A Thursfields team led by corporate director Gareth Burge…
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