Hiya.
I've had an offer accepted on a flat (London) and had a few questions. I'm a bit nervy as it's so much money, so wondered if anyone could offer some thoughts on a couple of questions I have?
(1) The agent told me that the property had a 999 year lease. My solicitors had just obtained the leasehold info, and the place only actually has a 79 year lease. We're going to try and get the lease renewed before the sale, but if this isn't possible, should I think about pulling out? What other factors are there to consider in making this decision?
(2) I currently rent somewhere not far from where I'd be buying, and recently had a note through the door to say that the council has granted a license for a lapdancing club not far from where I'd be buying. There's a local residents group trying to fight the decision, but Is this likely to affect property prices too much?
Thanks for any advice.