Why should you extend your Lease?

28/01/2025

Leases are what is known as a “diminishing asset”. This is because when you buy a lease, it has a set number of years left to run and as time goes by, this decreases. Once a lease has less than 80 years left to run, it will cause difficulties when you come to re-mortgage the property, sell the property, and can dramatically increase the cost of a lease extension.

28/01/2025
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