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Podcast: The Property Nomads Podcast
Episode: Length of Leaseholds examined + an interesting property strategy
Description: Rob delves into the intricacies of leaseholds in this episode, focusing specifically on the importance of lease length when considering purchasing a leasehold property. Rob highlights the potential challenges that arise when a lease falls below 80 years, making it difficult to secure a mortgage and significantly increasing the cost of extending the lease. Listeners are advised to consult with a specialist solicitor and factor in the premium for extending the lease when evaluating the value of a property. KEY TAKEAWAYS When considering purchasing a leasehold property, it's crucial to pay attention to the length of the l...