Change Date : 07/10/2016
Association: UK Finance
Jurisdiction: England and Wales
Index: v.2016 No.492
Policy changes relevant to
Coventry Building Society
Solicitor Panel
| Updated |
|
07/10/2016 |
| 5.14.1- What minimum unexpired lease term does the lender accept? |
A minimum of 70 years unexpired lease for all scheme types
apart from Lifetime Mortgages (Equity Release), which
require a minimum unexpired term of 80 |
A minimum of 70 years unexpired lease at completion for all scheme types apart from Lifetime Mortgages (Equity Release), which require a minimum unexpired term of 80 years at completion. |
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