Short Lease: Problems Selling or Remortgaging?
Is a short lease holding up your sale or remortgage? Perhaps your buyer’s lender will not accept the remaining term, or a lease-extension quote is much higher than you expected.
What were you told when you bought about the years remaining, extending the lease and the possible effect on a future sale?
Visit When I Bought to explore the issue and arrange an initial conversation about what happened. You do not need to know whether anyone was at fault before getting in touch.
Your lease is shorter. Your sale is stuck. What were you told when you bought?
A buyer’s lender has rejected the remaining term. A remortgage cannot proceed. Or extending the lease will cost far more than you anticipated.
Were the future implications of the lease term explained before you committed to buy?
When I Bought helps you explore the original purchase and the records that may matter. You do not need to decide whether anyone was at fault before getting in touch.
Short lease holding things up? Tell us what happened →
An initial conversation. No report to buy. No claim to start.
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The Lease Extension Bill Arrived When I Tried to Sell. What Was Explained When I Bought?
The article discusses challenges faced by flat owners during sales when lease extensions are necessary. It highlights how unexpected costs can arise from decreasing lease terms, affecting financing options and buyer requirements. Owners are advised to seek clarity about extension quotations and evaluate original purchase advice to understand potential funding obstacles before selling.
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Our Flat Has 91 Years Left on the Lease. Why Did the Buyer Pull Out?
A buyer withdrew an above-asking price offer for a flat due to concerns about its remaining lease of approximately 91 years. The seller, perplexed by this decision after receiving reassurances from their estate agent, now faces options including price reduction or lease extension. The situation highlights complexities in leasehold properties affecting buyer confidence and mortgage…