I have a buy to let property which has 93 years left on the lease. I can extend the lease but at a cost. At what point in time does the leasehold value start to reduce with ‘only’ 93 years left?
lenders tend to shy away if the lease is less then 60 years. if the mortgage is say for 25 years, it leaves a balance of 35 years at the end term of the mortgage. So the term of the mortgage does play a part too.
Various lenders tend t vary slightly as to their criteria.