62 year lease

[Sea Air]

I am looking at buying a flat on buy to let basis that has 62 years left on lease,is that a problem? I am buying to supplement income for retirement, wont last that length of time myself so equity would be for kids if I dont sell before dying
Whats involved and how costly is it to get a new lease and at what time would that be considered essential
hope you can help with advice

[stevemLS]

Re: 62 year lease

Apparently mortgage lenders start to get nervous at anything less than 70 years.

Extending is complex and potentially very expensive.

I would suggest you need specialist advice.