What do shared owners need to know about valuations for lease extension?
In this 4-part Q&A, Homes England explain shared ownership valuations, from purchasing your first share to resale.
- Part One: Buying shared ownership
- Part Two: Staircasing
- Part Three: Lease extension
- Part Four: Resale
In Part 3, we take a closer look at shared ownership lease extension.
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Here are the key takeaways:
- No statutory right to lease extension: Shared owners currently have no statutory right to lease extension. But most landlords will agree a lease extension on a voluntary basis.
- Leasehold reform: The Government has stated that it will extend the statutory right to lease extension to shared owners. The timetable for this is currently uncertain.
Read on….
Q1. What do shared owners need to know about valuation for lease extension?
Until the necessary legislation is in place through the Leasehold and Freehold Reform Act 2024, there remains at present no statutory right for shared owners to extend their lease. However, most shared ownership landlords will agree to this on a voluntary basis. This is an approach encouraged by Homes England with its Capital Funding Guide stating the following (as at 13 October 2026).
“Whilst shared ownership leaseholders have no statutory right to a lease extension, the Government has announced its intention to extend this right to shared owners. We strongly recommend that providers grant extensions to shared ownership leases wherever possible. We encourage providers to offer as long a term as possible and to do so on fair terms. The government has announced its intention to reform leasehold legislation to make lease extensions fairer for leaseholders.”
Q2. Where can shared owners find more information if they want to extend their lease?
Shared owners wishing to extend their lease should discuss this with their landlord and seek appropriate legal assistance. Additionally, the Leasehold Advisory Service provides a lot of useful information about leases and lease extensions. There is also reference to lease extensions within Homes England’s Key Information Document.
We are extremely grateful for the support of Homes England in creating this content.
DISCLAIMER:
This Q&A is accurate, to the best of our knowledge, as at October 2026. However guidance is updated on a regular basis, so please check Homes England’s current Capital Funding Guide, and/or seek expert legal advice if required.
The information provided on this website is for general purposes only. It is not intended to be a substitute for legal, financial, tax or other professional advice. Everyone’s situation is different so always seek expert advice on any questions you may have.
Featured image: cookie_studio on Magnific
Other Resources
Leasehold Advisory Service – Extending your shared ownership lease
Leasehold Advisory Service – Lease length checker
Leasehold Advisory Service – Lease extension calculator for flats
Leasehold Advisory Service – Lease extension and leasehold reforms
Homehold – Leasehold reform in 2026
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