Receive a lease extension to 125 years when you buy more shares in your home
If you’re a Shared Owner with restricted staircasing and 85 years or fewer left on your lease - buy 10% or more additional shares and we'll extend your lease term to 125 years!
Why take up this offer?
By purchasing at least 10% more shares, you’ll benefit from:
- a lease extension to 125 years on your home
- no lease extension premium to pay, potentially saving you thousands
- potentially lower rent, as you'll own a larger share in your home
- increased ownership and equity
- better options when selling or remortgaging in the future
Put simply: you gain more of your home and secure its long-term value.
Why does your lease length matter?
As a lease becomes shorter, it can start to:
- reduce your home's market value
- increase the cost of mortgage renewals
- limit options when selling or remortgaging
- make a future lease more expensive
You can read more about leases in our Guidance for Leaseholders.
Taking advantage of this offer helps protect your home from these risks and gives you peace of mind for the years ahead.
Who is this offer for?
This offer is ideal for:
- owners of a house, bungalow, or flat
- Shared Owners with 85 years or fewer on their lease
- customers with maximum share restrictions in their lease (e.g. you're capped at buying 80% of your home)
- those ready to purchase 10% or more additional shares
- anyone looking for a cost-effective way to secure a longer lease
- owners wanting to protect their home's long-term value
Please note: You'll be responsible for your own fees, plus our admin fee - see the Terms and Conditions at the end of this page.
How to take the next step
To benefit from this offer, follow the steps below to buy additional shares and receive the lease extension to 125 years. You can find more information on the process in our Guide to Buying More Shares in Your Home.
When instructing your solicitor, let them know that you’re also applying for a lease extension.
Most Shared Ownership leases allow you to buy more shares (staircase). Check your lease first, as it will confirm:
- when you can staircase
- how much you can buy
- if your lease has a maximum share restriction
- whether there are any other restrictions that may prevent you from staircasing
You will need to ensure that buying more shares is affordable for you now and in the future.
An independent financial adviser can help you understand if you have enough equity in your home to buy extra shares and can provide a cost estimate for a new mortgage.
As you’re purchasing more of your home, you’ll need to appoint a solicitor to handle the legal work on your behalf. Choosing the right solicitor is important – look for someone with proven experience in Shared Ownership and staircasing, understands the lease requirements, and offers a clear, fixed fee.
Let your solicitor know about this offer and that you are applying for a lease extension as well as purchasing additional shares.
To buy more shares, you’ll need a valuation from a surveyor registered with the Royal Institute of Chartered Surveyors (RICS). This valuation confirms the current market value of your home and sets the price of the shares you want to buy.
Please note: RICS valuations are usually only valid for three months, so you must complete your purchase within this timeframe. If your valuation expires before completion, you may need to arrange and pay for a new one.
Before proceeding to the next step and completing the online application form, please ensure you have the following documents ready as digital versions available to attach to the online form:
- signed consent of any work we have permitted on the property (if any works have been carried out)
- your independent market valuation undertaken by a Royal Institute of Chartered Surveyors (RICS) valuer
Once you’ve submitted the online application form, it will be passed to our team for review. It is at this time that we will instruct our solicitor to act on Bromford’s behalf during this transaction.
After our team has reviewed the information you provided in your application form, we’ll send you:
- the final offer confirming the price of the share you want to purchase
- any fees payable (if applicable) - you can see all our admin charges here
- your estimated completion timeline
Remember, your RICS valuation is only valid for 3 months, so you must complete your purchase within this timeframe.
Your solicitor and our solicitor will work together to complete your staircasing transaction. Your solicitor will provide you with any legal completion documents relating to the transaction.
Once completed, we’ll confirm:
- your new ownership share
- your revised rent
- your new 125-year lease term (as long as all eligibility criteria have been met)
For full eligibility criteria, deadlines and fee information, please see the Terms and Conditions at the end of this page.
Terms and conditions
1. Eligibility
a. This offer is available to Shared Owners of a house, bungalow, or flat, with:
i. 85 years or fewer remaining on their lease at the time of application
ii. a maximum share restriction in their lease (e.g. the maximum total share the customer can own is capped at 80%)
- customers who do not have a maximum share restriction in their lease (i.e. they are able to purchase up to 100% of their home) are not eligible for this offer
b. To qualify, customers must purchase 10% or more additional shares in their home. Purchases below 10% are not eligible.
i. Purchases that would bring the customer up to their maximum allowed share would still qualify for this offer, as long as the minimum 10% purchase criteria was met.
c. The purchase of additional shares must be a standard staircasing transaction.
i. This offer is not available where:
- the staircasing is part of a resale
- the customer already has an ongoing staircasing or lease extension case with us (as of before 00:01 on 3 November 2026)
- applications originally submitted before 00:01 on 3 November 2026, which are subsequently cancelled and re-submitted before the offer deadline, may not be eligible to receive the offer
d. Additionally, this offer is not available for properties where Bromford is not the freeholder.
2. Application deadlines
a. Applications must be submitted using the above application route between 00:01 on 3 November 2026 and 23:59 on 31 January 2027.
b. The staircasing transaction must be completed within 3 months of the date on which we instruct our solicitor. (We will instruct our solicitor at our earliest convenience upon receiving and reviewing your application.)
i. Transactions that do not complete within this period may not qualify for the offer.
- In cases where a transaction becomes ineligible, our team will review the case and advise on the next steps. Please note that there may be additional charges incurred by cancelling an ongoing transaction (e.g. a charge to cover Bromford's solicitor fees where a solicitor had been instructed prior to the cancellation).
3. What the offer includes
a. Customers who meet the eligibility criteria and compete the process within the required timelines will receive a lease extension on their home, bringing the lease term up to 125 years, with no lease extension premium for the customer to pay.
i. No other changes will be made to the lease as part of this offer.
4. Fees and costs
a. Customers are responsible for:
i. Their own solicitor’s fees for supporting both the staircasing and lease extension
ii. Bromford's solicitor's fees, only where they rise above £750 (including VAT), or where a transaction is cancelled after Bromford has instructed a solicitor
- Bromford will be responsible for our own solicitor's fees up to and including a maximum of £750 (including VAT)
- Should Bromford's solicitor's fees rise above £750 (including VAT), the customer will be responsible for any fees incurred above this amount
- Should the customer decide to cancel an ongoing transaction, at which time Bromford has already instructed a solicitor, the customer would be responsible for all solicitor fees incurred
iii. The cost of a RICS valuation
iv. The cost of purchasing the additional shares
v. Our £150 administration fee, where applicable
- Please note: Our administration fee may not apply to all leases. Your solicitor can support you in checking your lease terms and advise on whether this fee applies to you.
vi. Any cancellation charges incurred by cancelling an ongoing transaction (e.g. a charge to cover Bromford's solicitor fees where a solicitor had been instructed prior to the cancellation).
5. Additional conditions
a. This offer applies only to the purchase of additional shares in your current Bromford home.
b. This offer may be withdrawn or amended at any time prior to application, but any applications received before withdrawal or amendment will be honoured under the terms that applied at the time of receipt.