UK house prices remain resilient despite global uncertainty
UK house prices rose again in April despite ongoing economic uncertainty. This article explores what it could mean for buyers and sellers.
The title to nearly all flats and some houses are leaseholds. This means that a property is let for a fixed number of years, normally 99 or 125 years.
Talk to one of our friendly and experienced team on 01582 514000
Generally, the lease is not extended when the property is bought or sold.
Unfortunately, once the lease has fewer than 90 years to run, it becomes harder to sell a leasehold property because many mortgage lenders have minimum lease terms.
The solution is to extend the lease. We can advise you on the best way to approach the lease extension.
Our experienced solicitors are on hand to give you advice and assistance.
Call our team on 01582 514000 or Contact Us and we'll get back to you as soon as we can.