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Virgin Update -Recent Section Changes

Change Date: 13/02/2019    |    Jurisdiction: England and Wales

5.14.1- What minimum unexpired lease term does the lender accept?
85 years at the time of the mortgage application. If the term of the lease is less than this then we require the term to be extended on or before completion.
85 years at the time of completion. If it's less, we require it to be extended on or before completion.
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Other Lenders Who Have Made Recent Changes:

The Mortgage Works logo The Mortgage Works
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Barclays plc logo Barclays plc