Leasehold Query
General Discussion

David P
David P
5 Thanks
30 Posts
9 years ago
1
I have viewed and am interested in buying a one bedroom flat in a small block of one bedroom flats as a BTL. It is priced at £100k but only has 50 years left on the lease. I have a mortgage agreed in principle, if the lease is extended by the vender, but the vender is so far resisting, saying that they will lower the price to account for this, but wont say how much the lease renewal is. Does anyone know how I can find this information out, and does anyone have any advice? The flat otherwise fits my criteria and I have a genuine interest.

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.