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Tag: Penrith Building Society

  • Leasehold: 85 is the new 70

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    by

    Simon Seaton
    in ,

    Penrith Building Society became the latest lender to change their requirements concerning the unexpired term of a lease offered as security. The change to the lender’s BSA mortgage instructions took place a couple of days ago the adjustment being from 70 to 85 years as a minimum requirement. Penrith Building Society is the 20th lender…