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Lease Extension Process

This video is about the lease extension process and what is involved. If a lease on a property is looking low, then it is a good idea to extend the lease. This effectively transfers some of the property's value from the freehold to the leasehold and protects your investment. If a property has a lease that is 80 years or less, it can be problematic in terms of getting a mortgage and the premium to extend the lease becomes much higher. Please remember that this is not legal advice or financial advice, this is just information you can use to research further to be able to make decisions for yourself. Please don't forget to like, share, comment and subscribe. Take care! Xx