Problem Property
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Accord Buy to Let Minimum Lease Term: The 2017 Change
In March 2017, About Conveyancing reported a change to Accord Buy to Let’s minimum unexpired lease-term requirement. The change illustrates why the relevant lender and transaction date matter when reviewing an earlier purchase or remortgage. Historical article: The wording below records the requirement reported in 2017. It is not a statement of Accord Buy to…
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Lenders Start to Change Ground Rules on Ground Rent
Historical ground-rent article This article records changes to mortgage-lender requirements in 2017. It should not be relied upon as a statement of current lender policy. For an explanation of why a lease accepted previously may cause difficulties today, read Ground Rent Mortgage Requirements: The Lease Has Not Changed, but the Market Has. If a ground-rent…