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lease on buying a flat
chrismyatt
Posts: 1 Newbie
I have made an offer on a 2 bed flat, but it only has a 67 year lease left on it,
would this cause a problem when i come to sell in 5 years time
would this cause a problem when i come to sell in 5 years time
0
Comments
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it depends on the lender your buyer is using at the time, some insist on longer leases and some are happy with leases which just cover the mortgage term. To make to process easier you may want to consider extending the lease now during the legal process - speak to your solicitor about this.I am a Mortgage Adviser
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.0
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