Nigel Osgood
Nigel's latest writings
Extension of Short Leases on Central London Properties
Facts • The shorter the remaining term of the lease, the more difficult it will be to sell the property or for potential buyers to raise the finance • Potential lenders usually require a minimum term of lease at outset of a mortgage facility and, also, require a 30+ years left on the lease at maturity of the mortgage term • Properties in prime areas of Central London, typically, have leases attached... (posted by Nigel 5 years 209 days ago.)
Facts • The shorter the remaining term of the lease, the more difficult it will be to sell the property or for potential buyers to raise the finance • Potential lenders usually require a minimum term of lease at outset of a mortgage facility and, also, require a 30+ years left on the lease at maturity of the mortgage term • Properties in prime areas of Central London, typically, have leases attached... (posted by Nigel 5 years 209 days ago.)
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