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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.

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Megan Parkin

Senior Property Finance Adviser | | 01206 544333
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Picture of Megan Parkin

Megan Parkin

Senior Property Finance Adviser | | 01206 544333