How to sell your property with a short lease
When you are looking to sell a short lease property of less than 70 to 80 years duration left, this can be difficult, but there are still options available to you for securing a sale at a decent price.
FAQs about trying to sell a short lease house or flat
You might have concerns about selling your short lease home, and if so we hope these frequently asked questions, and our answers to them, will help you:
✅ Will it be impossible to sell a short lease home?
No. It will be more difficult to find a buyer who can obtain a mortgage for a short lease home, but that doesn’t mean you don’t have options for selling – whether that’s extending the lease and then selling, or selling to a quick property buyer.
✅ Why don't mortgage lenders like short lease properties?
It’s because they tend to seek leasehold houses and flats that have more than 25 to 30 years remaining on the leasehold agreement after the planned expiration of the mortgage agreement, and short leases can’t provide the lenders with what they’re seeking.
✅ Will it cost me money to sell my home?
It doesn’t have to. Some options for selling, such as extending the lease, can cost thousands of pounds. But if you pick the option of selling to a fast home buyer then you won’t pay any fees and will get to keep all the profit from the sale.
LDN Properties can help you make a quick sale of your short lease home
Short lease homes are among the many different types of properties that we have significant experience of buying. Our process is simple and stress-free; we make competitive and fast cash offers if you are selling your short lease property and will never charge you any fees. Interested in selling your short lease property to us? Click on "Request Offer" below and we’ll be in touch. Alternatively, our team of friendly experts can be reached at 020 7183 3022.
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