Short Lease On A Property

Short Lease On A Property

Short Lease On A Property - Short lease on a property refers to a lease on a property which is short and due for renewal in less than 70 years. Those looking to obtain a mortgage on a property with a short lease may find it increasingly difficult to do so. This is because the less time remaining on the lease the less value of the property. For this reason mortgages on short lease on a property will not consider leases below 30 years due to the risks involved. Those seeking a mortgage for a short lease on a property, particularly below 30 years, may need to use niche lenders.

As a short lease mortgage broker we understand how a short lease on a property can affect the chances of a securing a successful mortgage package.

With our expertise and understanding of lenders and their criteria, we are able to give you the advice and assistance you may require regarding mortgaging your short lease on a property. We offer a personalised and holistic service that will respond to your individual needs and requirements to help secure the right mortgage deal for you in relation to the short lease

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

If you are looking to obtain a mortgage or have a short lease on a property, contact a member of our advisory team today.

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