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Lease with sixty five years to go!

I understand a lease having 65 years left is not a good buy but I cannot see why. 65 years will mean I will be in my hundreds when the lease is up so - why should I be concerned? I have no real knowledge of leaseholding so maybe someone can enlighten me!

Asked on Aug 21 2016, General in Watford | Report content

Answers (1)

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  • It will matter if you need a mortgage as lenders will be reluctant to lend. It may also be a problem if you need to sell in the future. On the other hand if you are sure you will be there 'til you drop then you should be able to get a favourable price. It is also possible to extend a lease if circumstances change, there is a statutory right to this once you have lived there 2 years. For a lot of useful advice and explanation see

    Web reference:

    Answered on Aug 22 2016, Report content

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