Minimum remaining lease at end of term

Our standard acceptability


Criteria definition:

Indicates the minimum required lease remaining at the end of the mortgage term we can potentially accept. For example, Alex is looking to purchase a flat which currently has a remaining lease term of 90 years and wishes to take out a mortgage over 20 years. Therefore his remaining lease at the end of the mortgage term will be 70 years (90-20=70).

Policy Notes:

The Society requires an unexpired lease of 50 years at the end of the term of the mortgage.

Criteria categories:
  • Flats and Apartments
  • Property

Last updated:

29 August 2018