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Don’t know what to do ☹️

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Comments

  • diggingdude
    diggingdude Posts: 2,501 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    there will be landlords who will take on a flat with a 73 year lease. you need to price it to attract them
    An answer isn't spam just because you don't like it......
  • Rabihy
    Rabihy Posts: 12 Forumite
    I am in the same situation but as a buyer. The ad stated that the property for sale comes with a "new extended lease". The EA explained that this will happen at the same time of the sale. And our solicitor explained that the vendor's solicitor negotiate this with the freeholder and the payment is deducted from the payment, so the vendor won't manage the process and won't pre-finance it. We have not completed the sale, but I think this may be a solution for you - and attractive for buyers. By the way, the mortgage valuation as well as the advertised price was for a flat with an extended lease (not without).
  • lindens
    lindens Posts: 2,870 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I’ve said that I’ll do that. Still nobody has been interested.

    Is this made clear in the estate agent blurb/on the selling website?
    You're not your * could have not of * Debt not dept *
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    there will be landlords who will take on a flat with a 73 year lease. you need to price it to attract them

    Good advice.
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