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 Free or Lease Hold, How important it is ?

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return78
post Jun 17 2010, 11:10 PM

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QUOTE(art6969 @ Jun 14 2010, 11:15 AM)
my member's leasehold house take about 1 year for transfer and need to pay more

and the problem with leasehold house the bank doest want to give 90% loan when the lease less than 80 years
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That's not true. I do managed to secure a 90% loan for lease hold property with left around 70 years.
My bank agent told me anything with 50+ years left had no problem since max loan tenure is just 30 years.
return78
post Jun 18 2010, 11:00 PM

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QUOTE(T816B @ Jun 18 2010, 08:24 AM)
Thanks for clarifying. There are many hearsay about leasehold properties.
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You'r welcome.

Btw, my transaction was made in late last year. I believe banks / market is keep changing all the time. Those who can't secured 90% loan on LH property with 50+ years might be genuine cases as well.

 

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