Historical short-lease article
This article records an Accord Buy to Let minimum lease-term requirement in 2017. It should not be relied upon as a statement of the lender’s current policy.
For current practical discussion of short leases and future mortgageability, read Short Lease: Extend Now or Wait for Reform?
Historical minimum lease-term requirements can be researched using the Lexsure Lender Archive short-lease page.
If a short lease is now affecting a sale or remortgage, consult the When I Bought short-lease guide.
Accord Buy to Let is the latest of a number of lenders who have changed their CML Handbook requirement relating to minimum unexpired lease terms (section 5.14.1).
The new requirement reads :
“85 years from the date of completion of the mortgage“.
This replaces the old wording:
“60 years from the date of the mortgage application subject to 35 years remaining at the end of the mortgage term”.
For a new Accord purchase or remortgage, see our guide to the Accord Mortgages conveyancing panel. Tell the firm about the remaining lease term and confirm that it can act for the relevant residential or buy-to-let mortgage.
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