Selling With A Short Lease

At Ziphouse, we are very happy to buy properties with a short lease. Traditionally a short lease is considered 70 years or less.

As it costs money to renew leases, sometimes extending them is just not an option. However, the value of a property decreases, the shorter the lease. Short leases can also bring about additional challenges when selling, particularly in getting mortgage approval.

We actively look for such properties and would be happy to discuss options in more detail. We can ensure a fast turnaround from formal offer, to the transfer of cash.

No Obligation Offer

Regardless of its condition, as long as the property is in England or Wales, we can make a cash offer. There is no obligation or cost associated with getting an offer from us and there is absolutely no pressure to make a decision immediately. Indeed, we would prefer you to take the time to mull the options over fully.

How Do We Compare?

ZIPHOUSE

ESTATE AGENTS

Sale Timeframe

1-3 Weeks

6-9 Months

AVG Market Value

£100,000

£100,000

Final agreed price after survey

£80,000

£92,500

Estate agent fees (2% VAT)

£0

£2,200

Mortgage Payments

£0

£4,800

Solicitor fees (£1,000 + VAT)

£0

£1,200

Bills and Repairs

£50

£1,800

Removals/Clearance

£0

£1,200

Final price to be paid to the seller

£79,950

£81,300

NOW YOU HAVE HAD A CHANCE TO LOOK AROUND WHY NOT SEE IF WE CAN HELP?