Multi-Unit Mortgages
Mortgages for blocks of flats
- A Multi-unit simply means a block of flats on one freehold title
- It can be simpler, easier and more cost effective to get one mortgage as opposed to getting several different mortgages on the same property
- Blocks of flats range anywhere between 2 flats anywhere up to 100 flats or more on a single Freehold Title
Why Clark Finance?
- 80% Loan to Value (LTV) mortgages available
- 100% Loan to Value (LTV) available with additional security
- No minimum income required
- No maximum age requirements
- Personal or Limited Company finance available
- Interest only mortgages available
- Ex-Pat & Foreign national mortgages available
- Second charge finance available
So why choose a Multi-Unit Mortgage
- Renting out long term - The number one reason for a Multi-unit mortgage is if you plan on keeping the flats for renting out long term
- Lenders Exposure Limits - You do not encounter issues with buy to let lenders who will have exposure limits meaning they will only accept a 40% share of the block. For example in a block of 12 flats, a traditional buy to let lender will not accept anymore than 4 flats (40%). A Multi-unit lender will be able to lend against all 12 flats and will only require the freehold of the building.
- Simplicity - You don't need to go to the expense of splitting the titles which could save you thousands of pounds
You can buy using a SPV Limited Company
