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Lease Extension

Leases are usually granted with either a 99 or 125 year term. Where the remaining term of your lease starts to fall below 80 years you might face difficulties if you want to sell your home or remortgage because mortgage lenders tend not to approve them.  A lease extension is a statutory right for 100% leaseholders provided you meet the eligibility criteria detailed below. Shared owners cannot formally apply to extend their lease through this statutory route.

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