Flats With Short Leases

A flat with a short lease isn't going to be the easiest type of property to sell particularly if the flat in question has a short lease of say under 50 years. This type of property is going to be very hard to raise finance against and will only be of interest to cash buyers or to an investor that is not going to rely on a bank for funding.

The simple fact that the lease is so short takes it out of the reach of you average buyer. The reason for this is quite simple in that it is going to be expensive getting the lease extended and the shorter the lease the more expensive it is going to be.

There is also the possibility that you will not be able to agree a price for the lease extension and will more than lightly have to go the the Leasehold Valuation Tribunal to ask them to decide on the cost of the extension. All of this costs money and you will be responsible for the costs of all parties if you bring the claim against your landlord.

You will have to bring a claim against your landlord if you do not agree with the price they want for the extension which is why many lease extension claims end up in court. Unfortunately leaseholders and freeholders have different ideas over lease extension valuations and the claimant will have to pay the court costs whether or not they win or lose.

How We Can Help With A Short Lease Flat

We have been operating in this specialised area of short leases for many years and our modus operandi is straight forward. We buy flats with short leases unconditionally. If you are selling a flat with a lease under 50 years and have been unable to sell on the open market we would like to hear fro you. We could buy your flat with the current very short lease and free you of the burden of selling.

We have the necessary cash funds available for fast completions and do not need to contact your freeholder for the cost of extending the lease. We will simply buy your flat from you as it is and deal with the lease extension in our own time. Many of the short lease flats that we own are rented out so whether or not the lease is long or not isn't really that important to us. We can make you an instant offer for you flat so please send the details over to us.