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 23/08/2016 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 years. 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.