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lease shorter than told

continualdiamond · 2006-09-28 15:40:19

My boyfriend and i are right at the end of the house buying process. Where due to sign eveything on Monday. I get home from work to have a message saying the lease isn't for 75 years but for 69. How on earth can people get this wrong to start with? The property was advertised with 75 years remaining and even on my print…

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linfield Posts: 20 Forumite

29 September 2006 at 4:42PM

You're right Epoman...
It was the -Freehold- I bought from the landowners. (I was on my 3rd Stella!)
Most of our neighbours have now bought theirs too. I think most Mortgage lenders are reluctant to lend on a property with only about 50 or 60 years left on the lease, so it gets harder to sell, the more time goes by.
Of course they don't tell you this. Our solicitor pointed it out and told us " Buy the freehold as soon as you can"

Tony

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lease shorter than told

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