Properties aged less than 10 years must benefit from one of the following warranties, which must exist upon completion of the property and cannot be applied retrospectively: This list is not exhaustive. Please contact us for clarification if a warranty provider is not listed above.
Maximum storeys
Up to 20 storeys in a block
Above/adjascent to commercial
Considered on a case-by-case basis. Flats directly above public houses or fast-food premises not accepted. Related words: bar, shop, cafe, takeaway
Ex-local authority flats
Acceptable where the block is owner occupied. Related words: council property, ex-council, social housing
Flats – access
Flats must have access to the highway.
Flats – facilities
Flats and maisonettes must be self-contained with private facilities.
Flats – Minimum floor area
Flat / maisonette minimum floor area 30m2.
Tenure
Freehold Leasehold Leasehold acceptable subject to there being a minimum of 50 years unexpired on the lease at the end of the mortgage term. Lending for the purpose of extending the lease is acceptable where this is simultaneous with completion of the loan. Commonhold Not accepted.
