Leasehold investments

[Deanb7823]

Do many invest in leasehold properties? And if so what kind of lease year deal should I be looking at if I was to buy a £100,000 2 bed apartment/flat for example?

 

[Longterminvestor]

Check this article which should help:-

https://www.cml.org.uk/lenders-handbook/englandandwales/question-list/1846/

One thing to remember, if you ever sell the property it would need a lease no short than 70 years (maybe even up to 80) for the buyer to obtain a mortgage.

 

[PostBrexitInvestor]

It is vital that you plan ahead when acquiring leasehold properties because if the lease falls below 80 years then a potential buyer may have problems organising a mortgage. There are obviously things you can do to potentially extend the lease but it is vital that you go into this type of investment with your eyes wide open.