Prepare the file
Mortgage on a flat
Most flats are leasehold. The lease, the service charge and the building can matter as much as the price.
What this page will not do
- A share of freehold is not the same as a long lease with no ground rent.
- Service charge arrears in the block are a building fact, not a personal credit fact.
- It will not name a lender, a product, or an approval chance.
Questions
- Is a short lease acceptable?
- Different lenders may assess this differently. Bring the exact remaining term.
- Does MortgageConnector value the flat?
- No. A lender's valuer does that. Local averages on this site are not a valuation.
MortgageConnector is a mortgage broker introducer and information service. We do not provide regulated mortgage advice. Where appropriate, we can introduce you to an FCA-authorised mortgage broker who can assess your circumstances and provide advice.
The matching service is free for you. Partner brokers pay MortgageConnector for introductions. If you ask for an introduction, the details you submit are shared with the selected partner. The broker is responsible for regulated advice. Check the firm on the FCA Register.
Your home may be repossessed if you do not keep up repayments on your mortgage.
These figures are illustrative.
An FCA-authorised broker can look at the actual income, credit and property. MortgageConnector introduces you. We do not choose the mortgage.
Find a broker experienced with flats