TYPE OF PROPERTY. 1.2 Mortgaged properties may be freehold or leasehold in England and Wales or heritable or long lease in Scotland. Leases must have an unexpired term of at least 50 years (or, from November 2009, at least 55 years) at the commencement of the Loan and at least 30 years (or, from 28 March 2006 until 2 November 2009, at least 35 years) remaining on the maturity of the Loan.
Appears in 3 contracts
Samples: Mortgage Sale Agreement, Mortgage Sale Agreement, Mortgage Sale Agreement
TYPE OF PROPERTY. 1.2 1.1 Mortgaged properties may be freehold or leasehold in England and Wales or heritable or long lease in Scotland. Leases must have an unexpired term of at least 50 years (or, from November 2009, at least 55 years) at the commencement of the Loan and at least 30 years (or, from 28 March 2006 until 2 November 2009, at least 35 years) remaining on the maturity of the Loan.
Appears in 2 contracts
TYPE OF PROPERTY. 1.2 3.1 Mortgaged properties may be freehold or leasehold in England and Wales or heritable or long lease in Scotland. Leases must have an unexpired term of at least 50 years (or, from November 2009, at least 55 years) at the commencement of the Loan and at least 30 years (or, from 28 March 2006 until 2 November 2009, at least 35 years) remaining on the maturity of the Loan.
Appears in 1 contract
Samples: Mortgage Sale Agreement
TYPE OF PROPERTY. 1.2 Mortgaged properties may be freehold or leasehold in England and Wales or heritable or long lease in Scotland. Leases must have an unexpired term of at least 50 years (or, from November 2009, at least 55 years) at the commencement of the Loan and at least 30 years (or, from 28 March 2006 until 2 November 2009, at least 35 years) remaining on the maturity of the Loan.
Appears in 1 contract
Samples: Mortgage Sale Agreement
