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Makes available the latest paragraphs for you to consider including in your Report on Title.
text for Report on Title:
ROT: Implication of 35-Year Mortgages on Leasehold
Change Date : 12/07/2023 | Word Count: 143 | Deployment Measure : 7/10
Rationale:
Since 2008, lenders have been increasing their minimum unexpired lease term requirements. The majority of lenders now set their calculations based on specifying a number of years remaining beyond the mortgage term. Given that 20% of mortgages are now 35 years or longer this directly impacts the mortgageability of certain leaseholds.
Nearly twenty per cent of all loans taken out by first-time buyers were for terms of longer than 35 years. You would be forgiven for thinking that this in no
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