Term of Lease

Posted on 25 August 2011 by Linda


Do major lenders give mortgages on properties with a 74yr lease?

Linda

In short, yes.  Whilst some will insist on a period of say 25 or 30 years remaining at the end of the mortgage term, others are looking for a minimum number of years at the start of the mortgage.  The Lloyds Group for instance require a minimum of 70 years.  With 74 years remaining I would not normally expect you to have any trouble getting a mortgage.

I believe we can help you and that you would benefit from speaking to one of our independent mortgage advisers.  Please call 0344 346 3672 and tell the consultant the date and title of your question, they will then be able to advise you on your situation.

Peter

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