Leasehold
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Leasehold is Changing – Is this Reflected in your Report on Title?
Leasehold reform is on the way. Many lenders have already been proactive in making changes for some months now to their P2 Handbook requirements. Is it now time to be making changes to your Report on Title in light of new lender instructions and in anticipation of legislative reform? On the 25th and 26th September…
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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.