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Extending your lease

If you’re a leaseholder and live in Church Bailey, Bourne Court or Cheneys Lodge, have you considered the number of years that are left on your lease?

As the years diminish it’s likely that the value of your property will also reduce. If you’re thinking of selling your property in the future it will be more favourable with buyers if the lease is a good length.

If you've more than 90 years remaining, the value added to the flat by extending the lease may not be much, so there's no urgency for leaseholders with 90 years or more left who plan to stay put. However, everyone – whether selling or staying – should start thinking about a lease extension once their lease gets to around 80 years. Leases which are shorter than 80 years can be more expensive to extend.

For more information about extending your lease please visit any of the following websites:

www.lease-advice.org/advice-guide/lease-extension-getting-started/

www.lease-advice.org/calculator/

If you live in our Leasehold for the Elderly Schemes (LSE) at Downash Court, Nevill Court, Sackville Court or Waldron Court, then if you sell your home, a new lease will be issued to your buyer so you do not need to extend your lease.

We are currently developing a step by step guide about extending your lease.

Please complete the following form if you wish to find out more about extending your lease:

If the address of the property you want to extend the lease on is different to the address provided above, please provide the address details:
This is to prevent automatic submissions.