Extending your lease

 

 

 

 

 

 

 

 

 

Extending your Lease

If your lease term falls below 80 years, it can make it more difficult to sell or remortgage your home. Mortgage providers generally will not consider applications on properties where the lease period is below 80 years, as it increases their risk. 

To extend your lease, you'll need to make a one-off payment (known as a premium). The Leasehold Advisory Service have an online lease extension calculator, which will give you an indication of how much the premium for your home might be.

100% of leaseholders have a statutory right to a lease extension through a formal process. If you’d like to go down the formal route, you should seek independent advice. See the Leasehold Advisory Service’s website for more details.

However, we would encourage leaseholders to pursue the informal route as it is much quicker and cheaper. To discuss the options you have in extending your lease, please contact the Leasehold team on leaseholders.enquiries@sbhg.co.uk with your name and address or call 0208 996 8940 to speak to the team directly.

 

About Shepherds Bush Housing Group

About Shepherds Bush Housing Group

We have more than 5000 homes, throughout nine boroughs in West London. SBHG is made up of two brands: Shepherds Bush Housing Association and BE WEST. 

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