Mortgages Short Leases

Mortgages Short Leases

Mortgages Short Leases - Mortgages short leases refer to mortgages obtained on short leases with less than 70 years until renewal. Properties with short leases will devalue a property as the lease gets closer to the renewal date. This adds risk for lenders and can make it increasingly difficult to obtain mortgages. Short leases are more likely to be considered on properties with over 30 years remaining on the lease; however it is up to the individual lender’s discretion. Factors such as the area of the property can affect the chances of obtaining mortgages.

As a specialist broker specialising in mortgages for properties with short leases, we understand the potential problems encountered by those obtaining short lease mortgages. Short leases, particularly those below 30 years may involve particular risks. We can offer you the advice and assistance you may require. Our expertise and links to existing lenders can enable us to find the best deals for you on your short lease property. We offer a personalised and bespoke service that will respond to your individual requirements to find the most suitable deal.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquire Online.

Do you need help navigating the range of financial mortgages? Short leases specialist advisors can help you. Call us today to obtain the best deal for your needs.

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