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My house is leasehold with a 1000 year lease. Will this affect the resale or the value of the property?

Asked on Sep 28 2011, Selling in Southampton | Report content

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  • With a 1000 year lease, it is unlikely this will affect the re-sale value of your property. You needn't worry about the length of lease until around 80 years unexpired.

    Answered on Sep 29 2011, Report content
  • Not at all. Lease length only becomes an issue when it drops below 80 years. Even then it only becomes a real issue when it gets to 60 years.

    Answered on Jul 24 2013, Report content
  • At 1000 years there is no real difference between the value of leasehold and freehold houses. However, from about 90 years or less there will be a difference. The shorter the lease the more it will cost to extend the lease or buy the freehold. By the time a lease gets to 82 years it can cause serious complications on sale and below 80 years the costs rise significantly. Don't be misled into thinking that if you can get a mortgage the lease is long enough! Get professional advice quickly if you have less than 85 years on your lease.

    Answered on Oct 15 2014, Report content

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