Short lease

The first step in any lease extension procedure is to get a proper leasehold valuation, there are many lease extension calculators online but these can only provide an estimate.When it comes to short leases almost every mortgage provider has a different lending policy. This can mean that, depending...

After a lease drops below 80 years, the cost of a lease extension escalates dramatically . A short lease can also make a property hard to sell as lenders typically lend only on properties with at least 55 years on the lease. There is no clear agreement ( even amongst lenders ) as to what...