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".
Friday, 31 March 2017
Will your Borrower Client's Lease Term Accord with CML Handbook Requirements?
Labels:
Accord Mortgages,
buy to let,
CML Handbook,
Minimum lease term
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