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Lease extension guides

There are different approaches you can take. On this page you'll find guidance for if you own with shared ownership or if you own your home outright.

How can I extend my lease if I'm a shared owner?

Shared ownership leases would have been originally granted for a fixed term, often for 99 or 125 year leases. Shared ownership leaseholders don't have a legal right to extend their leases. However we wish to give our shared owners the same choice as 100% lease owners.

Here, we explain the circumstance that will allow shared owners to extend leases through the ‘informal’ procedure.

How can I extend my lease if I own my home outright?

For outright leaseholders we offer both the statutory (or ‘formal’) route to lease extension as well as our own ‘informal’ procedure.

Fees to pay

As leaseholders both outright and shared owners will pay our surveyor's fees. You'll need to confirm that you're happy for us to pass your contact telephone number to the surveyor. In addition to our lease extension legal fee and our administration fee, you must also meet your own solicitor's fees.

Informal route

Outright and shared owners

Our informal route provides a new 125-year lease. The terms will include ground rent of nil or peppercorn per annum. The premium will be apportioned based on the equity you own.

For this route there's no written notice served. You can simply advise us that you wish to proceed through the informal route using the form on this page. Please note, home owners are liable for all associated costs including legal, surveyor and administration fees.

We'll instruct an independent RICS-registered surveyor to provide a valuation (which will be valid for three months). You're entitled to receive a summary of the valuation and you'll receive a premium offer letter with confirmation of the premium payable for a new 125-year lease. 

If you wish to proceed with your lease extension you must send written confirmation of your acceptance of the premium along with your solicitor’s details. We'll instruct our solicitor at that point to extend the lease as per the terms detailed in the offer letter.

Please be advised that the time taken for the informal process to complete will vary. We suggest that completion should take place within 6-8 weeks from the acceptance of our premium offer.

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To start an informal lease extension application, please select your ownership type below...

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