Short Lease
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Leasehold Regret: Why So Many Buyers Discover the Real Cost Too Late
A major Propertymark report records striking levels of leasehold regret. The lesson for conveyancers is not simply to report the lease, but to explain the financial, lending and resale consequences before the buyer commits.
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New Life Mortgages – A New Approach to Unexpired Lease Term
New Life Mortgages has updated its CML Handbook requirement, stating that the remaining leasehold term plus the age of the youngest borrower at completion must total at least 185 years. This innovative approach raises questions about whether other lenders will adopt a similar policy.