Why you should consider a Lease Extension

A restricted lease can adversely affect the saleability of your property. With the high proportion of properties under ᆪ500,000 with less than 80 years remaining, property purchasers are also disadvantaged. In recent months, many lenders have amended their policies in favour of long leases and increased the requisite number of years remaining on a lease, for properties they are prepared to lend against. This trend of goalpost moving has led to mounting concern amongst mortgage brokers, conveyancers and leaseholders alike.

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