What kind of property tenure is acceptable?

  • Freehold
  • Leasehold properties should have a minimum unexpired lease of 55 years after the end of the mortgage term
  • New build properties require a lease:
    • Flat - greater than 125 years
    • House - greater than 250 years
  • Absolute title only (Possessory title not acceptable)

For properties built after 2018, the ground rent must be < 0.1% of the property value.

For properties outside of the M25, the maximum ground rent is £250 P.A. and £1000 P.A. for properties inside of the M25.