My ds is looking for his first property and thought he'd seen something he could afford. When I had a look, the lease only has 48 years to run.
Now, it is 35 years since I was in his position, but I seem to remember that a mortgage lender won't lend under X year on the lease ? (can't remember how many).
If it matters, it is a maisonette - like a semi detached house but built as 4 maisonettes, so not a big block.
Can anyone help us know how bad a buy this would be, and why.
Or how he could find out about buying the freehold or getting the lease extened etc etc ? Is it really a "don't touch with a bargepole" or is it something that is realistically redeemable ?
Thanks
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Short Leases
27 replies
BackforGood · 21/11/2020 17:03
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