You are reading a single comment by @handtightenonly and its replies.
Click here to read the full conversation.
-
You won't get a mortgage on anything less than about 70 years these days.
Obviously there are ways around it (like ensuring that the previous owner has already started negotiations for extending the lease), but the shorter the lease, the more money the leaseholders can ask for.
It's why you'll see a 2 bed flat in Fitzrovia for half a million quid and a lease length of 12 years. An extension on that will be around a million of your finest pounds...
handtightenonly
ExTra
Thats good advice, thanks. I have seen a few of these also have short lease of like around 50 years which I am not interested anyway, but some are very tempting that tick all the boxes on paper. :-)