Minimum remaining lease at application

Our standard acceptability

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Criteria definition:

Indicates the minimum required lease remaining at the date of application we can potentially accept. For example, 

Policy Notes:

The Society doesn't have a minimum lease term at application but the minimum is 50 years unexpired at the end of the mortgage term (with the minimum mortgage term being five years).

Outside Notes:

We can consider shorter leases where the purpose of the remortgage is to extend the lease on completion.

Warning Notes:

The society requires a minimum unexpired lease of 50 years at the end of the mortgage term. Our minimum mortgage term is 5 years.

Criteria categories:
  • Flats and Apartments
  • Property

Last updated:

29 August 2018

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