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Buying a Short Lease Property: Risks and Opportunities

Discount now, lease extension later.

Buying a Short Lease Property: Risks and Opportunities Residential Property Services in London

Updated October 2026 · Fraser Bond

Leasehold · Short leases

Buying a short lease

Under 80years
Mortgagesharder
Extensioncosts
Reforms2024 Act
In short: Flats with short leases, often under about 80 years, sell at a discount because lenders are cautious and extending the lease becomes more expensive as the term falls. Under the current system, once a lease drops below 80 years, the premium for a statutory extension includes "marriage value". The Leasehold and Freehold Reform Act 2024 plans to remove marriage value and the two-year ownership rule, but parts are still being brought into force, so check the current position. Get a valuation of the extension cost before you offer.
Is the discount enough?
Net saving–

Get a specialist valuation of the premium.

Frequently asked questions

Can I get a mortgage on a short lease?

Some lenders won't lend below certain terms.

How much does a lease extension cost?

It depends on term, ground rent and value.

Selling a short-lease flat?

Talk to our team or get a free valuation.

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