How many years are needed on a lease in order to not compromise sale?
Asked on Jun 22 2013,
General in Leamington Spa |
Generally, as long as there is a decent length of time left on a leasehold agreement then it will not be a problem when it comes to finding a buyer or indeed finding a mortgage when the time comes to sell it.
However, there are some mortgage providers who will look at anything less than 70 years on a leasehold as being problematic, so this can be something that it worth considering.
If the worst comes to the worst, then there is always the opportunity to look into adding an extension to the lease, which will mean alleviating the issues mentioned. It will cost a little, but it can be worth it in the long run for a bit of peace of mind.
Answered on Jun 24 2013,
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