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Leashold Puchase and Sale
neil.net
Posts: 175 Forumite
Hi all
I apologise if this get posted twice, my first attempt seemed to fail.
I’m finally in a position to get onto the property ladder (!!!), and am considering purchasing a flat.
My question is how is the leasehold valued when I come to sell? Is it the remaining years of the lease, valued at the market rate when I sell and/or would I need to extend the lease at that time? I would be buying a 125 year lease and in theory would like to sell sometime time in 5 to 10 years time, leaving 115 to 120 years of the original lease.
Thank you in advance.
Neil
I apologise if this get posted twice, my first attempt seemed to fail.
I’m finally in a position to get onto the property ladder (!!!), and am considering purchasing a flat.
My question is how is the leasehold valued when I come to sell? Is it the remaining years of the lease, valued at the market rate when I sell and/or would I need to extend the lease at that time? I would be buying a 125 year lease and in theory would like to sell sometime time in 5 to 10 years time, leaving 115 to 120 years of the original lease.
Thank you in advance.
Neil
0
Comments
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When the lease falls below 80 years the value of the flat can start to become compromised. If you are selling within the next 40 years then the length of the lease is not an issue. The flat will achieve full market rate for it's condition.Everything that is supposed to be in heaven is already here on earth.
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Doozergirl wrote: »When the lease falls below 80 years the value of the flat can start to become compromised. If you are selling within the next 40 years then the length of the lease is not an issue. The flat will achieve full market rate for it's condition.
Perfect, thank you
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