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Implications of purchasing a property with a short lease.

Is it prudent or wise to buy a property with say 44 years left on the lease bearing in mind that one would like to resell in say ten years time.

Asked on Feb 8 2015, General in London | Report content

Answers (1)

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  • If you live there for at least two years you will have a statutory right to extend the lease by 99 years. But the lease extension will obviously cost you. You will find it difficult to sell (or to mortgage) a property with less than 70 years lease.

    Answered on Feb 23 2015, Report content

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