Have been looking at a few apartments with a view to buy. One block in particular I have seen a couple of nice apartments however it is 46 years old. The first bank I contacted would only offer a four year mortgage (50 years minus age of apartment). I have found other banks for which that is less of a problem, but worry that when over 50 years old will be much harder to sell on. Has anybody got any thoughts or experience on that? Anything else to watch out for in older building?
TIA