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The Mortgage Works Update - 8 Recent Section Changes

Date Range: Last 6 Months    |    Change Date: 06/06/2019    |    Jurisdiction: England and Wales

5.14.1- What minimum unexpired lease term does the lender accept?
Minimum unexpired lease term is 70 years with 30 years remaining at the end of the mortgage term. Report to the issuing office if the lease term is shorter than that stated within the Offer and has less than 100
Minimum unexpired lease term is 70 years with 30 years remaining at the end of the mortgage term.
Ground Rents and event fees must be reasonable at all times during the term of the lease. If you’re unsure …
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