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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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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 many…

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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.

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

Our latest news and events

19/10/2021

Dismissal of 28 identical divorce petitions highlights importance of expert legal advice

The family court’s rejection of more than two dozen ‘copy and paste’ divorce petitions has proved the importance of seeking expert legal advice, according to Thursfields Solicitors. The leading Midlands law firm was commenting after Mr Justice Moor rejected a total of 28 petitions from the same online divorce company because they cited “absolutely identical”…

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18/10/2021

Thursfields advises on sale of Herefordshire classic car parts business

A Herefordshire classic car and motorcycle parts business has been acquired in a deal advised by Thursfields Solicitors’ corporate team. Corporate director Tim Edwards, assisted by Ellie Bryan, advised Jeremy Holden, the founder of Holden Vintage & Classic Ltd, which is based on Linton Trading Estate, Bromyard, to SNG Barratt Group Ltd in Bridgnorth, Shropshire,…

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