| Property | Freehold Victorian building split into four self-contained flats on one title |
|---|---|
| Location | South Croydon, Surrey |
| Client | Landlord with three buy-to-lets buying a first multi-unit block |
| Product | Multi-unit freehold blocks |
The challenge
The four flats were on one freehold title, which many mainstream buy-to-let lenders will not accept. Some lenders also value blocks at a discount to the sum of the individual flats.
What we did
We approached lenders that specialise in multi-unit freehold blocks and assess rent across all units. We provided the tenancy schedule and the building's compliance certificates upfront. The chosen lender's valuer considered both the block value and the individual flat values.
The outcome
The client completed on the block with a single mortgage covering all four flats.
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.