Will a 68 year lease reduce my property?
Asked on Jul 23 2012, General in Northolt | Report content
Answers (2)
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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, Report content -
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, Report content
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