We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
E&M lease extension service
Options
leighgr
Posts: 1 Newbie
Hello, I need to exstend the lease on my flat. The management company E&M Ltd offers an extension service. Has anyone used this service or have any good / bad experiences?
0
Comments
-
I've 2 properties that e&m have dealings with...although I have never specifically used the lease extension service I have found them expensive and slow for other other things they deal with.
Have you got the option to use another means or are you tied into using them?
If you can avoid using them I would get separate quotesin S 38 T 2 F 50
out S 36 T 9 F 24 FF 4
2017-32 2018 -33 2019 -21 2020 -5 2021 -4 20221 -
Do NOT use E and M in-house service under any circumstances.
There are two ways of doing a lease extension - formal and informal. Informal is fraught with risks (more so with unscrupulous companies...)
A lease is a highly complex document. Unpleasant clauses are often added/embedded that would go unnoticed to the inexperienced eye. For example someone who is trying to sell their property with E & M as the freeholder has found a clause in their lease that says the seller has to pay them 1% of selling price (as well as other costs).
You are always advised to extend your lease through the formal route using a specialist leasehold solicitor who should have your back. Freeholders are * not * your friend. They love informal lease extensions!
Research the dangers of informal lease extensions and join the National Leasehold Campaign Facebook group.1 -
how did you get on? I am about to buy a property they are the Freeholders for, and it needs a lease extension!0
-
MercyMe said:how did you get on? I am about to buy a property they are the Freeholders for, and it needs a lease extension!Having been through an extension and supporting a relative through one, you definitely want your own legal advisors with expertise in this specific area of property law, take a look at https://www.alep.org.uk/1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards