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Feefo -/5 • - reviews (last 12 months) • Read our reviews Stars

Sell a property with a short lease to Open Property Group

As experienced Freeholders we are looking to purchase leasehold flats throughout England and Wales with a focus on leases with less than 80 years to run. These types of properties can often be very difficult to sell in the current market with mortgage finance difficult to find for leasehold flats with less than 70 years remaining on the lease. In some instances flats will be unsaleable to the general market. We are able to provide you with a guaranteed cash offer for your flat regardless of the length of its lease.

Sell your flat with a short lease

We are experts at buying leasehold property where the lease length is below 80 years unexpired. At this point the flat’s value really starts reducing, and it steadily becomes less saleable. This is because the cost of purchasing a lease extension becomes significant and continues to rise, the flat will have less appeal to buyers, and mortgage lenders are increasingly unwilling to lend on flats with short leases.

So the longer you put off extending your lease means:

If you are selling a flat or maisonette with a short lease then do not hesitate to contact our team of advisors. We purchase all leasehold properties with short leases. We will be able to make you an offer the same day you call us and will buy your lease in its current form. Unlike our competitors, we will not need to write to your freeholder to find out what your lease will cost to be extended. This means we can buy all short lease properties fast and hassle-free.

Contact us today for an instant, no obligation cash offer

Your questions answered about selling short lease flats

How much will I have to pay the Landlord if I want to sell my short lease flat?

The Landlord is entitled to receive compensation for the loss of the ground rent income to be paid under the current lease, together with the loss of the right to receive the value of the flat at the end of the current lease.

In simple terms this is the difference in value of the Landlord’s interest today under the present lease, and the value of his interest after the grant of the new lease with the additional 90 years. He is also entitled to receive a share of the marriage value and compensation for loss arising from the grant of the new lease.

Why do I need to extend my lease?

The need for your lease extension arises because as your lease gets shorter the value of your flat (or maisonette) will go down compared to a similar flat which has a long lease of, say, 100 years or more. This reduction in value is much less pronounced in the early years, but it’s when your lease gets to less than 80 years remaining that the real problems start.

Sell your short lease flat fast with Open Property Group. Contact us today and let us free your capital.

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We buy property directly and you won't pay any agent's fees.

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average review score on the review website Feefo

7 days
or less is the timescale your property can be sold within if you wish

What our customers say

Feefo -/5 • - reviews (last 12 months) • Read our reviews Stars
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The service I received from Open Property Group was very helpful and considerate of my personal circumstances. A thank you to Jason for arranging a cash advance prior to exchanging contracts, and a lump sum when we exchanged. This was a really big help.‎ Your company is simply the best.

Miss M, Southampton

Efficient, friendly and fair. From sold to exchanged in less than 6 weeks using OPG. We couldn’t fault the service. A professional service that any seller should use. If we had more property we’d definitely use them again!

Mr and Mrs M

The open property group recently purchased a property through my agency and found them to be excellent buyers that were able to exchange contracts within one week at the agreed price. I would highly recommend this company.

Trusted Customer

Excellent customer service, amazing communication, honest and genuine company who made the process extremely easy and gave any excellent price.

Trusted Customer

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Get your cash offer today

We buy property directly and you won't pay any agent's fees.