Freehold
- Acceptable for houses.
- Not acceptable for flats or maisonettes unless:
- lending is on a multi-unit property; or
- conversion to an acceptable leasehold will be undertaken simultaneously with completion of the loan.
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.
Categories:
Bridging
Property criteria
