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Buying and leasehold

edited 30 November -1 at 1:00AM in Mortgages & Endowments
5 replies 1.5K views
Bozzy20Bozzy20 Forumite
53 Posts
edited 30 November -1 at 1:00AM in Mortgages & Endowments
Folks, I would be so grateful for your advice/opinions. ::)

There is a property that I am keen on which is on the market for below market value. The problem is that the leasehold expires in 8 years. To buy an extension the price is £180,000 and would have to be paid for within 2 years. I can easily get a mortgage to pay for the property but extra £180,000 would be a miracle! Any advice please?

Thanks. :)
No reliance should be placed on the above.

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