Lender Conveyancing Panel
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Leeds Follow Other Lenders Giving Short Leases a Wider Berth
The article discusses a 2015 change in Leeds Building Society’s minimum lease-term requirements, now requiring 85 years remaining from the start of the mortgage instead of the previous mortgage term plus 40 years. Conveyancers should be aware of this trend in lending practices, particularly for clients with short leasehold flats.
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Are Bank of Ireland Closing the Door on Leasehold Properties?
Historical article: This article records a change to Bank of Ireland’s lease requirements in October 2015. It should not be relied upon as a statement of the lender’s current requirements. Borrowers looking for a conveyancer can read our current guide to the Bank of Ireland conveyancing panel. Yesterday, Bank of Ireland became the 14th lender…