Are you the Lessee of a flat or maisonette and have you checked your lease term recently?
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info@thursfields.co.uk
info@thursfields.co.uk
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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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27/07/2020
Law Commission’s blueprint for future of home ownership welcomed
Recommendations for a new and clear direction for the future of home ownership have been welcomed by Thursfields Solicitors. Nick O’Hara, managing director at Thursfields was commenting after the Law Commission unveiled a plan that included a commonhold regime described as “fit for purpose”, plus a reform of leasehold enfranchisement and the right to manage….
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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
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
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