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getting a mortgage on a 60 year leasehold property
leeedsbuyer
Posts: 1 Newbie
Hi would I have a problem getting a mortgage on a 60 year leasehold property cheers
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Comments
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The question should be is it worth buying a property with only 60 years left on the lease.0
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Some lenders will do it, some won't.
Unless you buy it and immediately (or after the min two year wait if needed) have the lease extended, your future resale prospects will be severely limited.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
The guys are right
When buying on a short lease it is not about the purchase it is about the resale.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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