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.
JLM Mortgage Services Ltd is registered in England, No. 470 1803. Registered office: JLM Mortgage Services Ltd, 21a Churchyard, Hitchin, Hertfordshire SG5 1HP. Registered company number 04701803. Registered in England & Wales.
JLM Mortgage Services Ltd is authorised and regulated by the Financial Conduct Authority, (FCA). We are entered on the Financial Services Register No: 300629 at https://register.fca.org.uk/.
The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain, and you are not satisfied with our response to your complaint you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows:
The Financial Ombudsman Service Exchange Tower, London, E14 9SR Tel: 0800 023 4567 or 0300 123 9 123 www.financial-ombudsman.org.uk
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