Helen Marsh quoted in the Daily Telegraph on competitive purchases
Residential Property Partner, Helen Marsh, has been quoted in the Daily Telegraph article, 'Ten ways to win in the cut-throat property market'.
With property stock at a considerable low, buyers are facing vast competition to get their offer accepted. As a result, buyers must begin to think outside the box to set themselves apart from others.
One such method, is the way to approach leasehold extensions. If you are buying a leasehold property and the lease requires extending, you need to have owned the property for two years. Typically, buyers would demand the seller extends the lease, but given the market competition, that is not a luxury the buyer can afford.
Helen recommends, that keen buyers should take the lease as it is and "then ask the seller to serve the lease extension notice in their own name and, at completion, assign the benefit of that notice to the buyer".
The full article can be read here, behind the paywall.