Extending your lease

Everything you need to know about extending your lease as a shared owner can be found below.

Your lease is a legal contract between us and you (the leaseholder).

Your original shared ownership lease will be for either 99 or 125 years.  As your lease gets shorter the value of your share can be affected.  This may cause issues when you re-mortgage as lenders are reluctant to lend on a lease with less than 80 years remaining – we will only consent to you extending when the term is 80 years or less and your lease will be extended by 90 years.

You will need to complete our lease extension application form, alternatively we can send or email this out to you. You will need to pay an administration fee and we will arrange for a specialist valuer to visit your home. You can register the lease extension as a home improvement and the added value will be taken into consideration should you staircase at a later date.