Search Results for "#short-lease"
What is considered a low lease?
From a lease extension perspective a lease below 80 years is deemed a low lease, as it then becomes subject to Marriage Value. Many mortgage lenders consider anything below 80 years to be a low lease. Some lenders are more lenient, however the rate options available to you will be restricted.
In regards to leasehold properties, what is a ‘deed of assignment’?
If you are planning on selling your leasehold property but a short lease is limiting your sales value or the amount of people willing to view, you can extend your own lease or confirm you are selling with the benefit of a ‘deed of assignment’. This means that the new owners do not need to wait for two years of ownership before applying to the freeholder to obtain a statutory lease extension.
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