Call   01206 544333

Search

Questions Your Broker Will Ask When Sourcing a MUFB Mortgage/Loan

many questions

If you are looking to obtain a Multi-Unit Freehold Block of Flats (MUFB) mortgage/loan, there are some fundamental questions that all brokers should be asking their clients to ensure you are placed with a suitable lender.

Questions we will ask when sourcing a MUFB mortgage:

As a broker, it is really helpful if you have the following information to hand during the initial assessment:

  Is the property a freehold block of flats? Or are any of the units already sold off onto leaseholds?

•  What is the size of each individual flat/Units? Are any of the flats/Units under 30 or 35 sqm?

•  Do the flats have their own separate utilities (Gas, Electricity, Water)?

•  Does the freehold contain any element of commercial usage, e.g. ground floor being a retail unit?

•  Is each flat rented on a single-let basis (AST)? Or are there any non-AST arrangements, e.g. serviced accommodation / Corporate lets?

•  What are the individual flat values?

How can Advocate Finance help?

MUFB mortgages/loans can be complex, but getting the correct information upfront ensures you are placed with a suitable lender from day one.

Here at Advocate Finance, we are experts in multi-unit freehold blocks of flats; so if you are looking for a MUFB mortgage/loan, please get in touch for your bespoke mortgage illustration tailored to your individual circumstances.

Get in Touch with Us Today

We provide a FREE assessment on all our services.

Please contact me directly for more information, or use the Get in Touch With Us Today feature at the bottom of this page.

Picture of Megan Parkin

Megan Parkin

Senior Property Finance Adviser | megan@advocatefinance.co.uk | 01206 544333
Related Posts

Please click below to share on Facebook and LinkedIn

Facebook
LinkedIn

Free Financial Assessment
& No Upfront Fees

Loans / Mortgages from £100,000
to £50 million

Picture of Megan Parkin

Megan Parkin

Senior Property Finance Adviser | megan@advocatefinance.co.uk | 01206 544333