Extending your lease

The length of your lease is stated in the estimated service charge letter, sent to you annually, and in your Certificate of Expenditure letter.  You can also contact us on 0808 100 9596 to confirm how many years are remaining on your lease. 

Extending your lease

Why extend your lease? 

The recommendation is that leaseholders renew their lease between 80 and 85 years left. This is because if there’s less than 80 years left: 

  • you may find it more difficult to remortgage or sell your property 

  • it will be more expensive to extend the lease because you’ll have to pay the marriage value – the increase in the property's total value once the lease is extended. 

What you need to do

If you want to extend your lease, your solicitor needs to send us formal notice. It should include how much you want to pay for the lease extension (the Premium).   

What you need to pay with your notice

When your solicitor sends us the notice, you will also need to pay:   

  • £1,250 plus VAT for our legal costs  
  • up to £47.40 for disbursements – for example Land registry fees
  • £375 plus VAT for our surveyor’s fees

What happens next

  • We will consider and check your offer   
  • If accepted, we’ll send you a counter notice, which is our formal response to your request
  • We will confirm the cost and term of lease extension