Professor Property Advice
I'm buying a house and the length of the lease left is 76 years. I'm worried because the lease length is such a grey area in terms of how long various parties think is acceptable. We plan to perhaps sell the property within a year anyway, I am just worried about selling it on if we will then have less chance of selling at 75 years. One website said under 60 is really bad, but what about around the 75 mark? What is the concensus in the property industry?
sorry for the long winded question, there are lots of doubts in my mind.
The lease length is low. You need to know what the cost of enfranchisement will be.
This is essential if you are to buy the house anyway. It’s dependent on all sorts of variables and must be taken into account before offering. You may have left this a bit late.
There are many specialist lease advisorsd out there
Go to www.lease-advice.org.uk for some pointers and talk to the agent!
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