Extending my lease - A2Dominion's voluntary lease extension scheme
Under our voluntary lease extension scheme, you can extend your lease by either an extra 26 years or an extra 99 years (on top of the existing term). If we don't own the freehold of your property you can only extend your lease by the extra years if A2Dominion has enough years left on its main lease to allow for it.
How do I extend my lease?
We will work with you to extend your lease by taking the following steps:
- We'll need to arrange an independent valuation of your property so we can determine the cost of extending your lease. To do this, we’ll ask you to complete a valuation instruction form and pay for the cost of the valuation. You can either send us a cheque with your completed form or make a card payment over the phone (0800 432 0077). The valuation fees are currently up to £500, plus VAT. We also charge an administration fee of £200 plus VAT.
- Once we’ve had your property valued, we’ll send you a copy of the valuation so you can decide if you’d like to go ahead with extending your lease.
- If you do want to proceed, you’ll need to tell us whether you want to extend your lease by 26 or 99 years.
- We'll then ask our solicitor to complete the lease extension. At this point, you must contact your own solicitor to manage your side of the paperwork. (Please be aware that you will need to pay your solicitor's costs as well as A2Dominion's solicitor's costs, which are £750 plus VAT.)
If you would like to go ahead with extending your lease, please contact us to let us know. You can also write to us at: A2Dominion Housing Group, Leasehold Services Team, 113 Uxbridge Road, Ealing, London, W5 5TL.
After your lease has been extended, your ground rent will increase to £100 a year, then £200 a year for the next 33 years, and £400 for the remainder of the term.
Are there any other costs?
As well as legal and valuation costs, you'll need to pay an administration fee for our registration of the new extended lease and counterpart. You may also need to pay an extra administration fee to us if you need to increase your mortgage (if you have one) to pay for the cost of the lease extension if your lease requires your mortgage to be registered with us.
How long is the valuation valid for?
The valuation is valid for six months only, so you must complete the lease extension within that time.
Is there anything else I need to do?
You must make sure you do not owe us any rent, service charge or ground rent before we give you permission to extend your lease. We will let you know if you owe us any money before we arrange for the valuation to be carried out.