Quote:why is it necessary to have a lease that is longer than the average lifespan of most people? Surely a mortgage company should only start to worry if the lease gets below 20 years?
Quote:and how come the price to buy more lease goes up the longer you leave it - that should be the same per year If I want to buy 20 years now - at an example cost of £20...
JonR wrote:ok, some of that I understand.
another point - how come a normal lease starts at 99 years, and yet it becomes 'short' at only 79 years!
I start to suffer from the problems of a short lease, even though it's only 20% (20 years) less than a full lease.
For the latest local news and events direct to your inbox every Monday, you need our weekly email newsletter SE1 Direct.
7,000+ locals read it every week. Can you afford to miss out?
Read the latest issue before signing up