Reasonable lease length

7 replies

RoseMartha · 22/05/2020 15:10

What is a reasonable length when buying a flat?

I dont want to get one that is too short.

OP posts:

dany174 · 22/05/2020 15:17

I would not get one with less then 100 years. Mortgages don't like leases shorter the 80 years so the closer you get to that the less people will be interested in buying it because they themselves will have a hard time selling it.

dany174 · 22/05/2020 15:19

Also when buying a flat I would look for a leasehold with share of freehold.

grannyhorse · 22/05/2020 16:11

99 years minimum

Original poster

RoseMartha · 22/05/2020 17:35

Ok ty that is helpful

OP posts:

Mintjulia · 22/05/2020 17:43

Also look carefully at the terms of the ground rent. What are the terms of increase? Is management run by the leaseholders, or do they have any say?

Original poster

RoseMartha · 30/05/2020 00:25

Ok ty

OP posts:

whataboutbob · 30/05/2020 21:02

85 is still comfortable if you are ok with going through the lease extension process. For this it is best not to have an absentee freeholder.

Flip

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