80% LTV Mortgages for Multi Unit Blocks of Flats
As the stamp duty deadline has now passed, we are starting to see a few changes in the market, including the reintroduction of some higher LTV products.
We have access to a lender who has recently come back into the market offering 80% mortgages on MUBF up to 10 bedrooms.
The main criteria points are, but not limited to, that each unit must be at least 30sqm and all units must have their own utilities.
This product is available to both limited companies and individual name transactions and assists those who want to put down as little deposit as possible.
Interest rates range from 3.99% – 4.29% with a 1.50% arrangement fee for multi-unit block of flat mortgages at 80% LTV.
Of course, each case is unique and would need to meet all the lender’s criteria, so, if you have a property in mind, please get in touch to find out if you qualify and how we can help you.
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Megan Parkin – Property Finance Adviser