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.

The team at BE WEST  look after our lease extensions. To discuss the options you have in extending your lease, please contact the team on resales@guinness.org.uk with your name and address or call 0300 456 0522 and select option 2 to speak to the team directly.