We bought our house 5 years ago with 105 years on the lease. We were going to sell up in the next few months, but we are thinking of renting it out now. Mortgage has 20 years left, so the lease will have 80 years when we are thinking of selling - is this really bad? We cannot buy the freehold because of the way the house is (T shaped, walkways under - bridge flat but with 1 room in the base of the T, front door & hall) but it's owned by the council (or it was, and it's been sold in the past few years to a HA type thing), but surely in 100 years you cannot just be booted out? I am worried if we keep it, it's devaluing all the time with the lease. I am kicking myself for buying leasehold.
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House has 100 year lease - what happens then?
6 replies
ASecretLemonadeDrinker · 08/01/2011 17:03
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