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ROT: Leasehold: Mortgageability - Context Report (short lease)

Change date
18/05/2018
Word count
320
Deployment measure
9/10
Rationale

Even where the client is a cash buyer or the proposed lender is prepared to lend on a lease with less than 90 years remaining, it is important that your client understands how the lending market as a whole regards the unexpired lease term. By contextualising the issue the client can make a more informed decision as to the mortgageability and therefore saleability of the property

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Did a property problem come to light after you bought?

WhenIBought is a Lexsure service for homeowners who discover an issue when selling or remortgaging and wonder what was known, investigated or explained at the time of purchase. It offers a conversation about what happened and, where the records allow, what lenders required at the time. It does not determine whether anyone was at fault.

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