| Property | Large Victorian house converted into five self-contained flats |
|---|---|
| Location | Sharrow, Sheffield |
| Client | Limited company developer-landlord holding for long-term rental |
| Product | Multi-unit freehold blocks |
The challenge
The conversion had been funded by a short-term loan that was nearing its end date. The client needed a long-term mortgage valued on the finished building and its rent.
What we did
We chose a multi-unit lender that lends to limited companies and accepts recently converted buildings with full sign-off. We supplied planning consent, building control certificates and signed tenancies for all five flats. The valuation reflected the rental income across the block.
The outcome
The short-term loan was repaid before its end date, and the company now holds the block on a long-term mortgage.
Multi-unit freehold block mortgagesFinance for freehold blocks of flats on one title, from small conversions to larger blocks.
Learn moreImportant: Most buy-to-let mortgages are not regulated by the FCA. Your property may be repossessed if you do not keep up repayments, and a receiver of rent may be appointed.