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Thinking of buying a flat with a short lease? It might look like a bargain, but here’s the truth: Mortgages are hard to get under 70–80 years Lease extension costs can be massive 💸 The lower the lease, the faster the value drops Sellers sometimes hide this until late You can’t easily resell unless you pay for the extension Tip: Always check the lease length BEFORE you view. Under 60 years? Think carefully unless you’re a cash buyer planning to extend quickly. Short lease flats can be great valu
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