Ratio of property value to length of lease

[Alan Medic]

Anyone know at what point the number of years remaining on a leasehold property diminishes it's value? If 100 years doesn't, what about 75 or 50? I know they can be renewed but in terms of selling up when might it affect the value?

if anyone has any experience of this I'd appreciate knowing.

[rememberwhen]

I have been told that any lease with less than 65 years remaining is unmortgageable

[womanofdulwich]

The main thing is 80 years. Less than that and the value decreases at a greater amount. This is because if you have over 80 years you can extend a lease relatively cheaplt. However you must have owned the lease 2 years. So practically it is 80-83 years as you are relying on the vendor to serve notice etc. Try the www. Lease.org website for more info.

[Otta]

Yeah when we bought our flat recently the solicitors said you'd want 80+ years.

[womanofdulwich]

http://www.lease-advice.org.uk/calculator/

This is the correct link, sorry the one on my preious post was incorrect

[Lowlander]

Once it drops below 80 years it becomes increasingly more expensive to renew.

We took into account the maximum it would cost to renew our 77 year old lease when buying using the calculator at http://www.lease-advice.org/calculator/ and this was deducted from the asking price...although that was years ago...

Anything 80+ should not affect the house sale price in the current market.

Warning: once it drops below 65 it's virtually unmortgageable.