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Will a 68 year lease reduce my property?

Asked on Jul 23 2012, General in Northolt | Report content

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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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