Following the latest Government advice on home moving during the Coronavirus (Covid-19) outbreak,  find out more on how we can support your conveyancing journey.

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Leasehold vs Freehold – the practical differences in ownership

Looking at websites for anything related to Conveyancing, I see many questions from people who are unclear of the practical differences between owning a leasehold home and a freehold one. This is important for anyone looking to buy a property for the first time, or for someone who has not bought a property in England […]

LVT (Leasehold Valuation Tribunal)

The LVT (Leasehold Valuation Tribunal) is a Leaseholder’s ultimate recourse in the event that Lease Extension Terms cannot be agreed with the Freeholder. The LVT is an independent public legal body forming part of ‘The Residential Property Tribunal Service‘ and it exists to ensure that there is fair and unbiased adjudication process for both Leaseholders […]

Can I Extend My Lease?

Just because you don’t have an absolute right to extend your lease, you can always try via negotiation. Fridaysmove can handle your negotiation and other lease extension duties for you.

Negotiating a Lease Extension with your Freeholder

The first question you need to ask is “Can I Extend My Lease?” You can start a negotiation with your Freeholder at any point, but its best to at least be armed with an estimated Lease Extension calculation, or better yet a full lease valuation from a Chartered Surveyor. 

Mortgage Lenders and Short Leases

The first step in any Lease Extension procedure is to get a proper leasehold valuation, there are many lease extension calculators online but these can only provide an estimate.  

Lease Extension Services

Fridaysmove has a range of services designed to help Leaseholders obtain a 90 year Lease Extension using Government legislation.  These services are; Lease Valuation A Lease Valuation provides a valuation of your property plus a technical valuation of the premium payable for a 90 year Lease Extension for use in any negotiations with the Freeholder. […]

Applying for a Lease Extension in London

It is not uncommon to find leasehold properties in London which have a short number of years left to run on the lease (often referred to as the ‘unexpired term’). If this is the case, consideration needs to be given to applying to extend a lease.

Major firm Halliwells suffer due to the economic downturn

One of the largest regional firms in the UK, Halliwells, whose headquarters are based in Manchester,   are currently in talks with other major firms based in the North in relation to an acquisition of Halliwell’s business. They are the latest firm, and probably the largest, to have been affected by the economic downturn.   […]

Acting on the Grant of a New Lease – Purchase Conveyancing

What should the new lease contain?  When acting on the grant of a new lease during a conveyancing transaction special care must be taken to ensure the wording of the various clauses is clear and acceptable and that all the correct clauses are included. It is important to instruct a conveyancer or solicitor who has […]

80 Years is the magic number for Lease Extensions

If you have bought a flat with a lease with 82-90 years remaining you need to be quickly thinking about a Lease Extension. The crucial time to extend is before you fall below the 80-year period, at which juncture it becomes a lot more expensive to obtain a Lease Extension.

Now that HIPs have gone, what paperwork is involved when Selling my Property?

Now that the HIPs packs have been suspended, there is a little less paperwork a Seller needs to deal with when selling a property. The main forms and documents are as follows:  Stage 1 Sellers Property Information Form Sellers Leasehold Information Form Fixtures Fittings and Contents List These forms form part of the pre-contract package. They […]

Finding a Solicitor or Conveyancer to represent you with your Home Purchase

There are a number of ways to find a conveyancer or solicitor who will be able to assist you with buying your home. One of the quickest ways is via the internet. There are a number of websites, e.g. the Law Society website and Yellow Pages online which provide details of firms that undertake conveyancing. […]

Lease Extension – Procedure

Applying to extend the lease of a flat can be a complicated procedure so you should instruct a Conveyancer or solicitor with experience in this area to assist you.

What to do with an 82 year short lease?

After a lease drops below 80 years, the cost of a lease extension escalates dramatically . A short lease can also make a property hard to sell as lenders typically lend only on properties with at least 55 years on the lease. There is no clear agreement ( even amongst lenders ) as to what […]

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