Short Lease

Posted on 13 July 2012 by mandy

I have found a flat I would like to buy and have been told there is 76 years left on the lease. Will I be able to get a mortgage?


With 76 years left on the lease you will be able to get a mortgage, subject to the usual provisos.  The standard requirement is for there to be 30 years left on the lease at the end of the mortgage term, although there are variations among the lenders to this.

If you are planning to stay in the property for a long time I would recommend that you speak to your solicitor about the possibility of extending the lease and how much it would cost.  Whilst you may be able to get a mortgage now it might be a problem for prospective purchasers when you come to sell..

I believe we can help you and that you would benefit from speaking to one of our independent mortgage advisers.  Please call 0344 346 3672 and tell the consultant the date and title of your question, they will then be able to help you find the right mortgage for your situation.


Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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