Many mortgage lenders refuse to lend where the lease has fallen under 75 years. This is not true of all lenders and we have arranged mortgages for clients in the past on properties with very short leases indeed, particularly in London. For most clients this is a more affordable option than extending the lease, but it does require specialist knowledge, which we are happy to provide.
Many apartments particularly in the Greater London area have very short leases. In addition, some freeholders such as Grosvenor Estates will only extend leases by 20 years or so, which most mortgage lenders will not accept.
Because of our experience in the prime London market we are expert at dealing with these tricky situations.More info
Need help? One of our advisors will get in touch to discuss your specific requirements.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE JLM Mortgage Services Ltd is authorised and regulated by the Financial Conduct Authority, (FCA), registration number: 300629. The FCA do not regulate some forms of mortgages. JLM Mortgage Services Ltd is registered in England, No. 470 1803. The guidance within this website is solely targeted at consumers based in the UK. *A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495. In some circumstances no fee will be payable.