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Many lenders will not lend if your lease has 55 years or less to expiry.  Some lenders have a rule of lending so long as the lease term is in excess of the mortgage term + 30 years.  If you do not fit this rule you may need to consider a lease extension either with regard to purchasing or selling a property.

How much does it cost to extend a lease?

This depends on the value of your property, the current ground rent, and the original term of the lease – see the following link to calculate a specific value.

http://www.lease-advice.org/calc/

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Austin Degge


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