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can i extend lease on shared ownership house?

Last post Wed, Nov 28 2012, 10:55 PM by lucy29. 4 replies.
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  •  Wed, Nov 28 2012, 10:55 PM

    Re: can i extend lease on shared ownership house?

    yes, I think we will buy full property later.thank you for advice
    • Post Points: 5
  •  Tue, Nov 27 2012, 8:36 PM

    Re: can i extend lease on shared ownership house?

    You will likely find that the shared ownership company has a lease hold over the property and when you buy the full share that you will take over the lease.

    I fully agree that it would be far better for you to buy the full property than to buy some of the lease.....even if the shared ownership company allowed you to which i dont think they would

    • Post Points: 20
  •  Tue, Nov 27 2012, 1:23 AM

    Re: can i extend lease on shared ownership house?

    thank you.
    • Post Points: 20
  •  Mon, Nov 26 2012, 10:20 PM

    Re: can i extend lease on shared ownership house?

    My feeling is that you should be considering first owning 100% of a leasehold property before considering purchasing the freehold. Alongside these options, you should bear in mind what a similar, nearby freehold property would cost to purchase.

    There is extensive legislation giving leaseholders purchase rights but much of this legislation excludes shared ownership leases.

    • Post Points: 50
  •  Mon, Nov 26 2012, 8:43 PM

    can i extend lease on shared ownership house?

    i want to buy shared ownership house with 85 years lease remain. can i extend it or i have to buy 100 % to do that ? anybody extended lease on shared ownership properties?
    • Post Points: 20