Sell a flat with a short lease for cash quickly and easily with ProperEaze. We can help when you are selling a flat with a short lease and need to move fast, no matter where the property is or its condition. We are cash buyers and can help you avoid the problems of dealing with freeholders when trying to sell a flat with a short lease.
Sell a Flat With a Short Lease
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Selling a Flat With a Short Lease With ProperEaze
Selling a flat with a short lease is a big challenge that can cause all sorts of issues throughout the process of trying to sell the property in question. With a freeholder or landlord involved in the process of selling any flat, with a short lease or not, finding a buyer that is willing to take on these types of properties can be very difficult.
With ProperEaze you can sell your flat even if it has a short lease. Some people believe it can be hard to sell a flat with a short lease and when the lease is nearing the end of its term. However, we are cash buyers and can buy any property fast, anywhere in the UK, no matter the nature, location and condition of the property.
It can be complicated when you are selling a flat with a short lease, but with us, you can sell any flat fast, to get cash fast and sell your property without any hassle.
Instead of asking different estate agents “can I sell my flat with a short lease?” simply submit your property’s details via our easy online form and we will get you on the way to selling your leasehold property.
We are experts in selling flats with short leases with decades of experience in buying flats and houses. Get started today by entering your flat’s details and get a cash offer.
Online Valuation
We value your house online, no matter where it is and with total ease.
Fast Valuation
Get a fast valuation for your house, for when time is of the essence.
Confirm Your Valuation
Once confirmed, you can start the process to sell your house online with us.
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Sell your house online and with ease, with the valuation confirmed.
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All Flats
We can buy any flat in the UK, regardless of its condition or lease term.
Online Process
We are online property experts, here to help you sell any flat with a short lease fast and securely.
Any Lease Term
Whether your flat has fewer than 80 years or less, we can help you sell fast.
Sell Your Flat Quickly
We help you get through the entire process when selling a flat, so you can sell fast.
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Sell your short lease flat fast for cash with ProperEaze for a truly fast sale…
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What is a Flat With a Short Lease?
A property is said to have a ‘short lease’ if it has a lease of fewer than 80 years.
However, this can depend on where exactly the property is located. In the cases of flats, they will almost always be leasehold properties, with a freeholder owning the block or ‘ground’ and the property owner owning the flat with a lease.
London is known for having many more short lease properties because of the greater number of flats in the Capital, but there are countless flats with short leases across the entire UK.
In general, flats should have a lease of between 99-999 years when first purchased but there are cases of leases around 70 years or lower. Selling a flat with a short lease can throw up problems for the seller because buyers will typically and understandably want as long a lease as possible from the time of purchase.
Unfortunately, a flat with a short lease tends to be less attractive to first-time buyers, or indeed anyone looking to move to a flat. However, ProperEaze is able to sell your flat with a short lease quickly, safely and with minimal hassle.
We specialise in the quick selling of properties and take advantage of stipulations in the market that help sellers get the best value for their flat with a short lease.
Can You Sell a Short Lease Property?
Yes, it is definitely possible to sell a short lease property, including any flat with a short lease in the UK.
Every property has intrinsic value and can be regarded as an asset, so ProperEaze can always find a way to sell your flat regardless of how long the lease is.
If the property has a very short lease, then it may be hard to get a high value or price when you are selling it and these sales are often made when sellers are in need of cash fast as well as in cases where the seller has no interest in paying for an extension to the lease of the flat.
Estate agents will often not want to take on your flat if it has a short lease and that is where ProperEaze can come in and help you.
With our expert panel of experienced property buyers, there will be no trouble selling a flat with a short lease. Speak to ProperEaze today and let us give you the best advice for you to sell your flat with a short lease.
Enter Your Details
Enter a few quick details about your property and yourself.
Smart Tech
Our smart technology assesses multiple data points.
Online Valuation
We give you an instant valuation online on your screen.
Sell Your Property
With an online valuation sorted, you can sell your property fast online.
That’s it!
Valuation sorted and property sold with ease!
Enter Your Details
Enter a few quick details about your flat and yourself.
Lease Term
Tell us about the length of the lease and the property.
Online Valuation
We give you an instant valuation online for any flat.
Sell Your Flat Quickly
With an online valuation, sell your flat with a short lease quickly.
That’s it!
Valuation sorted and your flat sold fast with ease!
Why is a Flat With a Short Lease a Problem?
A property or flat with a short lease can be a problem mainly because banks and building societies will not usually lend money on flats or properties that have a short lease.
When you are selling a flat with a short lease, the buyer will likely have a mortgage lender who will undertake numerous checks on the property to be able to safely lend them their mortgage.
When dealing with a flat with a short lease, there will be an increased degree of risk for the lender, who may not be willing to lend money to buy a flat with a short lease.
Lenders normally state that they need the lease to run for at least 30 years beyond the end of the mortgage term. There are specialist lenders who will lend on short lease properties but these mortgages are usually much more expensive and may not be suitable when buying a flat with a short lease for example as a first time buyer.
The problem with this is that when it comes to selling your property, no one who needs a mortgage to buy the property will be able to buy it because they either cannot find or cannot afford the mortgage required in these specific cases. Being able to sell a house fast can be difficult, but where the extra complication of a short lease, as in the case of flats comes in, this can become even more problematic.
Moreover, the shorter the lease becomes on your flat or property, the less it becomes worth and the cost of solving the problem rises. Thus, selling a flat with a short lease should always be done as soon as you can, to maximise the money you can make when selling, as the lease term reduces with each day that passes.
Banks will not want to lend on property that is quickly reducing in value, as in cases of diminishing lease terms and therefore, if you wait too long, you may find your property is unmortgageable.
This is where ProperEaze can step in and help you find a cash buyer for your property even if there is a short lease left on it, no matter its condition.
Advantages of Selling a Short Lease Flat to a Cash Buyer
If you are looking to sell your short lease property, then a cash buyer is probably the best option to consider. We are cash buyers who can help you sell your short lease flat quickly and in the knowledge that you got the best price possible for it.
Although you may not get the full value of the property when you sell to a fast cash buyer, it is much easier and it is a quicker process, with less hassle. Furthermore, you will avoid many of the additional fees and charges that a flat with a short lease brings, lie legal fees and other charges.
If you sell your short lease flat to a cash buyer then they will not need to wait for the buyer to find a mortgage and so, the fact that the property is potentially unmortgageable is not a problem.
By selling to a cash buyer you will:
- Save Time
- Save Costs Of Buying Or Extending Lease
- Won’t Have To Deal With Solicitors or Surveyors
- Won’t Have To Negotiate With Freeholder
- Do Not Need To Worry About The Short Lease
With ProperEaze your property will be sold quickly and the cash in your account fast.
Can You Extend a Short Lease On a Flat?
Many people who are worried about selling their property will look to extend the lease on their short lease property. It is entirely possible to do this when working within the parameters of the current laws and regulations.
It is, however, a costly project and can take a lot of time and money to complete. If you are looking to sell your property fast then this is not an option for you.
If you want to sell your short lease flat fast and get cash quickly then ProperEaze is the best place to turn, they can find you a seller within days and have your property with a short lease sold as soon as possible.
ProperEaze
Estate Agents
Competitors
Potential Timetable
Within days
It could be 6 months, or longer
House Price
£100,000
£100,000
Average agreed purchase price assuming 5% reduction
£80,000
£95,000
Final agreed price after survey
£80,000
£90,000
Agents fees (assuming 2%)
£0
£2,000
VAT 20%
£0
£400
Cosmetic repairs needed
£0
£1,000
Assumed solicitors fees
£0
£1,500
Other bills including council tax, utilities, service charge and ground rent (if leasehold)
£0
£1,200
Clearance costs
£0
£1,000
Gas safety certificate
£0
£100
Mortgage Repayments - Assuming 5% interest rate on £80,000 loan for 6 months
£0
£2,000
Net price achieved
£80,000
£80,800
A potential cash sale to Propereaze, sold within your timescale.
A figure which you may achieve on the open market
Why Should You Sell a Flat With a Short Lease With ProperEaze?
| Category | Estate Agents | Competitors | ProperEaze |
|---|---|---|---|
| Potential Timetable | Within days | It could be 6 months, or longer | Instantly |
| House Price | £100,000 | £100,000 | £100,000 |
| Average agreed purchase price assuming 5% reduction | £80,000 | £95,000 | £75,000 |
| Final agreed price after survey | £80,000 | £90,000 | £75,000 |
| Agents fees (assuming 2%) | £2,000 | £2,200 | £0 |
| VAT 20% | £400 | £400 | £0 |
| Cosmetic repairs needed | £1,000 | £1,100 | £0 |
| Assumed solicitors fees | £1,500 | £1,500 | £0 |
| Other bills including council tax, utilities, service charge and ground rent (if leasehold) | £1,200 | £1,210 | £0 |
| Clearance costs | £1,000 | £1,000 | £0 |
| Gas safety certificate | £100 | £100 | £0 |
| Mortgage Repayments - Assuming 5% interest rate on £80,000 loan for 6 months | £2,000 | £2,010 | £0 |
| Net price achieved | £80,000 | £80,800 | £79,000 |
| A figure which you may achieve on the open market | A figure which you may achieve on the open market | A potential cash sale to Propereaze, sold within your timescale. |
Scroll to the right to view table.
| Category | Estate Agents | Competitors | ProperEaze |
|---|---|---|---|
| Potential Timetable | Within days | It could be 6 months, or longer | Instantly |
| House Price | £100,000 | £100,000 | £100,000 |
| Average agreed purchase price assuming 5% reduction | £80,000 | £95,000 | £75,000 |
| Final agreed price after survey | £80,000 | £90,000 | £75,000 |
| Agents fees (assuming 2%) | £2,000 | £2,200 | £0 |
| VAT 20% | £400 | £400 | £0 |
| Cosmetic repairs needed | £1,000 | £1,100 | £0 |
| Assumed solicitors fees | £1,500 | £1,500 | £0 |
| Other bills including council tax, utilities, service charge and ground rent (if leasehold) | £1,200 | £1,210 | £0 |
| Clearance costs | £1,000 | £1,000 | £0 |
| Gas safety certificate | £100 | £100 | £0 |
| Mortgage Repayments - Assuming 5% interest rate on £80,000 loan for 6 months | £2,000 | £2,010 | £0 |
| Net price achieved | £80,000 | £80,800 | £79,000 |
| A figure which you may achieve on the open market | A figure which you may achieve on the open market | A potential cash sale to Propereaze, sold within your timescale. |