Whether you can get a mortgage with a short lease depends on the lender. Many lenders won’t approve a mortgage if there are 70 years or less remaining
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- Category: Lease Options
Is It Worth Buying A Flat With A Short Lease?
Properties for sale with short-term lease arrangements are becoming increasingly rare, causing many buyers to overlook the implications until well into the purchasing process. This lack of awareness
What Are My Rights As A Leaseholder?
Understanding leasehold rights and responsibilities is crucial in business lease agreements. Leasehold grants the right to use a property for a specified period. As a leaseholder, obligations entail
Do You Need To Pay Stamp Duty On Lease Extension?
When purchasing property, Stamp Duty Land Tax (SDLT) is a typical expense. Fortunately, most individuals are exempt from paying SDLT on their lease extension premium. Even if SDLT
Can A Leaseholder Be Forced To Sell?
Selling a leasehold property differs slightly from selling one on a freehold basis, requiring additional documentation and potentially the services of a solicitor experienced in leasehold sales. According
Is A 125 Year Lease Long Enough?
It’s a pretty bold statement, but in short, a 125-year lease is not long enough to provide the security and flexibility desired in property ownership and investment. While
What Is Considered a Short Lease in The UK?
When buying a flat or maisonette, whether for personal use or investment, it’s common to encounter leasehold properties. The remaining years on the lease significantly influence the property’s
What Are The Pitfalls of Buying A Leasehold Property?
Buying a home is a significant life event, but it can become complex when dealing with leasehold properties. My journey into purchasing a leasehold property revealed some unexpected
How Hard Is It To Extend A Lease?
Owning a leasehold property often entails the eventual need to extend the lease. Over time, the lease term diminishes, which can adversely affect the property’s value and marketability.
Do I Need A Solicitor For A Lease Extension?
Considering a lease extension? Wondering if legal assistance is necessary? Read into our guide to find out if you need a solicitor’s expertise for navigating the complexities of