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Tips for selling a flat with a short lease Tue, 26 Nov 2013 21:14

Selling your flat with a short lease should not be difficult if you can find a specialist buyer such as us. Many leaseholders need to extend their lease when it falls to 80 years or less because mortgage companies do not generally lend against flats with short leases and there are very few buyers for flats where the unexpired term on the lease is low.

We are cash buyers of short lease flats. Flats with short leases are much harder to sell, and the value is discounted to less than the value of a flat with a long lease, typically over 80 years.

Estate agents usually do not have the experience to accurately value flats with short leases, thus they come on to the market at too high prices, and stick around for a long time.

If you want to sell a flat with a short lease, and the flat is vacant, you will have the continuous financial responsibility of paying for service charge, ground rent, insurance, council tax, and security until the property sells.

The process of extending a lease is fairly complicated, although we fully understand the process and we can relieve the burden from you and buy your flat fast when you are selling a short lease flat.

The shorter the lease, the more expensive it will be to extend.This means that the higher the value of the flat, the more costly the lease extension will become.

Dreamhouse Buyer has lots of experience in buying flats with short leases, and will make a cash offer for any short lease flat, regardless of the length of lease.

Richard Hill, Founder of Dreamhousebuyer comments:

"We are cash buyers of property, and do not need to rely on banks or raising finance. If you are selling a short lease flat, we want to speak to you. Our house buying company can make immediate decisions on any property purchase, including flats with short leases. We have great experience in this area, and have bought many flats with very short leases.

We will also buy flats with sitting tenants that have a short lease too. When you sell your flat quickly to us, you limit all of your costs in the meantime such as those mentioned above (service charge, ground rent, mortgage payments, insurance, maintenance)".

Find out why we are different to other quick sale house companies >>> here.

We will buy any property that you might consider a problem - including property with sitting tenants, flats with short leases, problem tenants, unmortgageable and structurally damaged property.  We also buy ground rents and portfolios. If you think we can help, then please invite us to make you an immediate cash offer for your property.


Contact us on 0800 1577 497 or email us info@dreamhousebuyer.co.uk

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