Minimum remaining lease at application

Our standard acceptability

55

Criteria definition:

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

Policy Notes:

The minimum unexpired term of the lease needs to be 55 years at application.

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 expired lease of 50 years at the end of the mortgage term. Our minimum mortgage term is 5 years.

Criteria categories :
  • Flats and Apartments
  • Property
Criteria topics :

Last updated:

29 August 2018