A property with a short lease (70 years or less) can prove harder to sell but at Home Genie we are experienced and very willing to buy homes with a short lease.
A short lease can come about for a multitude of reasons – it could be that it is not possible to extend it or that there are not the funds available to arrange for the lease to be extended.
What we do know is that when a home has a short lease it reduces its value. Mortgage providers can feel reluctant to approve a mortgage on a home with a short lease so it can then become trickier to sell.
We have a track record in buying short lease homes and can provide a cash offer with a quick turnaround. Our advisers would be happy to talk through your requirements in more detail.