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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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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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Team

Julian Field

Director, Residential Conveyancing

Louise Jones

Associate Director and Head of New Homes, Residential Conveyancing & New Homes

Richard Watkins

Director, Residential Conveyancing

Amy Gold-Mellish

Solicitor, Residential Conveyancing

Sidrah Walimia

Associate Solicitor, Residential Conveyancing

Rosemary Case

Chartered Legal Executive, Residential Conveyancing

Samantha McHugo

Para-Legal, Residential Conveyancing

Andrew Piggin

Solicitor, Residential Conveyancing

Sian Birkett

Solicitor, Residential Conveyancing

Aimee Postings

Conveyancing Executive, Residential Conveyancing

Contact

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

Our latest news and events

01/03/2021

Top employment lawyer at Thursfields joins the board at Solihull BID

One of the senior leaders at Thursfields Solicitors has been invited and appointed to the board of Solihull Business and Improvement District (BID). Helena Morrissey, the director of Employment & HR Law department at Thursfields, said she was looking forward to bringing her experience to the BID’s board to help it meet the needs of…

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25/02/2021

How to pay for a funeral?

How much does a funeral cost? The Money Advice Service states that the average cost for a burial is £4,321, whilst the average cost for a cremation is £3,250. The cost of a funeral can often be a big surprise to grieving relatives who have never had to arrange or pay for a funeral before….

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