Chris Parkin asked 3 years ago 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?
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Marc Attwater Staff answered 3 years ago
Marc Attwater Staff answered 3 years ago 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.
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