Lender Handbook
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Short Lease: Extend Now or Wait for Reform?
Waiting for leasehold reform could reduce the cost of extending a short lease, but the remaining term continues to fall. The decision involves cost, mortgageability, timing and legislative uncertainty.
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Service Charges: Was the Major Works Bill Already on the Horizon?
A service charge may appear manageable when a flat is purchased, but proposed major works can produce a substantial later bill. What should have been investigated, and what did the mortgage lender require at the time?