Will a 68 year lease reduce my property?
Asked on Jul 23 2012,
General in Northolt |
Of course it will, you need to look at extending the lease if you want the property to have more value.
Answered on Jul 23 2012,
The shorter the remaining lease term the lower te value and there will be a point where the property is unmortgageable. You have a right to increase the lease term - this is a statutory calculation and you should speak to a surveyor.
Answered on Jul 25 2012,
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