Buying a flat with a 99 year lease

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/82076388#Comment_82076388

There have been many threads on here from people trying desperately to sell retirement flats. They can be difficult to sell even when the price is heavily discounted from the sale price when new. Sometimes what was a £200K flat still will not sell even if the price is reduced below £100K. To be fair it will vary from one complex to another as some will be more desirable than others and/or less of a glut of properties for sale. Plus of course it can mean bargains can be found.

Personally I would be worrying less about the lease, and more about making sure I paid a rock bottom price.

ExEstateAgent

https://forums.moneysavingexpert.com/discussion/6675602/buying-a-flat-with-a-99-year-lease

99 years is OK but you should consider how long you plan to stay there. If you don't see yourself moving for more than 15/20 years then you may need to pay for a lease extension if you wanted to sell it easily - we still don't know exactly how new legislation is going to work regarding lease extensions/marriage value etc.