Following the Right to Buy legislation, the lease term is set by the date upon which the first lease is issued for a flat in a block. This means in some cases that flats being purchased under the Right to Buy now have only 80+ years on them.

We have sought legal advice as to what we can do in this situation as it seems unfair to sell the property with a lease extension being required pretty much straight away. Nothing has come back to us yet that seems a good idea.

I’ve tried to look for any discussions taking place on this in any organisation online but it seems to be a silent subject at the moment but one that is surely going to grow in concern as the clock continues to tick since the introduction of the RTB scheme.

Thank you for any guidance offered.