Multi-Unit Freehold Block (MUFB) mortgages

Our new Multi-Unit Freehold (MUFB) mortgages are available for independent landlords and Limited Companies. Our criteria defines a Multi-Unit Freehold or Multi-Unit Freehold Block (MUFB) as up to three self-contained units listed under one freehold title, not multiple leaseholds. Examples include a house that has been converted into flats, or a row of terraced houses. Each property on the title must be a self-contained unit and can be rented out to different tenants.

Mortgages are secured against your property. You could lose your property if you do not keep up payments on your mortgage.

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Mortgage details

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This is the maximum amount based on the information you provided. Your mortgage adviser will take you through the application process and will calculate the amount you can afford to borrow based on your income after the deduction of those expenses and commitments. Further restrictions may apply for specialist products.

Variable rate Multi-Unit Freehold Block (MUFB) mortgages

Our Standard Variable Rate (SVR) is currently 8.19% (variable). Please note from 1st January 2025 the SVR will be 7.99% (variable). There may be a limit on how low your interest rate can fall. This is called an ‘interest rate floor’. The interest rate floor applicable to your loan will be specified in your loan documentation.

Product name

Ltd Co Multi-Unit Freehold Block (MUFB) variable for 2 years

Initial rate

6.19%

Discount from SVR

Overall cost for comparison

8.3% APRC

Max LTV %

70%

Product fee

£1499

Mortgage repayment

£XXX.xx per month

Calculate

Product name

Multi-Unit Freehold Block (MUFB) variable for 2 years

Initial rate

6.19%

Discount from SVR

Overall cost for comparison

8.3% APRC

Max LTV %

70%

Product fee

£999

Mortgage repayment

£XXX.xx per month

Calculate

Fixed rate Multi-Unit Freehold Block (MUFB) mortgages

The mortgages listed below move on to our Standard Variable Rate (SVR), 8.19% (variable) after the initial rate period. Please note from 1st January 2025 the SVR will be 7.99% (variable).

Product name

Ltd Co Multi-Unit Freehold Block (MUFB) fixed for 5 years

Initial rate

5.89%

Overall cost for comparison

7.8% APRC

Max LTV %

70%

Product fee

£1499

Mortgage repayment

£XXX.xx per month

Calculate

Product name

Ltd Co Multi-Unit Freehold Block (MUFB) fixed for 2 years

Initial rate

6.25%

Overall cost for comparison

8.3% APRC

Max LTV %

70%

Product fee

£1499

Mortgage repayment

£XXX.xx per month

Calculate

Product name

Multi-Unit Freehold Block (MUFB) fixed for 5 years

Initial rate

5.89%

Overall cost for comparison

7.7% APRC

Max LTV %

70%

Product fee

£999

Mortgage repayment

£XXX.xx per month

Calculate

Product name

Multi-Unit Freehold Block (MUFB) fixed for 2 years

Initial rate

6.25%

Overall cost for comparison

8.3% APRC

Max LTV %

70%

Product fee

£999

Mortgage repayment

£XXX.xx per month

Calculate

Loan:	Size: Minimum £50,000, maximum £1,500,000 up to 70%. Term: Minimum 5 years, Maximum 40 years. Repayment Type: Capital Repayment, Interest Only.
Property:	Minimum Value: £100,000. Must be standard construction. Must be in England, Wales or Scotland.Mainland Scotland and The Shetlands, The Orkneys, Arran, Bute, Skye, Harris & Lewis, Mull and Islay. Up to a maximum of 3 units in the block, with each split into individual units with own address and council tax liability.
All applicants:	Must be a UK resident. Minimum age 21. No maximum age, subject to income in retirement.
Income:	Household income must be at least £20,000.
Rental:	The calculation is based on the actual or expected rental. Rent must cover 150% of the ‘stressed mortgage payments’ for both basic and higher rate tax payers. The stressed mortgage payment is based on the product rate +2% or 5.5% whichever is higher.
Underwriting:	We take a flexible approach to underwriting and will consider each case on its merits. We do not credit score. The actual rate and APRC for your case will depend on your circumstances and our assessment of the risk.

Loan:

Size: Minimum £50,000, maximum £1,500,000 up to 70%.
Term: Minimum 5 years, Maximum 40 years.
Repayment Type: Capital Repayment, Interest Only.

Property:

Minimum Value: £100,000. Must be standard construction. Must be in England, Wales or Scotland*.*Mainland Scotland and The Shetlands, The Orkneys, Arran, Bute, Skye, Harris & Lewis, Mull and Islay. Up to a maximum of 3 units in the block, with each split into individual units with own address and council tax liability.

All applicants:

Must be a UK resident. Minimum age 21. No maximum age, subject to income in retirement.

Income:

Household income must be at least £20,000.

Rental:

The calculation is based on the actual or expected rental. Rent must cover 150% of the ‘stressed mortgage payments’ for both basic and higher rate tax payers. The stressed mortgage payment is based on the product rate +2% or 5.5% whichever is higher.

Underwriting:

We take a flexible approach to underwriting and will consider each case on its merits. We do not credit score. The actual rate and APRC for your case will depend on your circumstances and our assessment of the risk.

Multi-Unit Freehold Block (MUFB) mortgages

Variable rate Multi-Unit Freehold Block (MUFB) mortgages

Fixed rate Multi-Unit Freehold Block (MUFB) mortgages

Representative example

Lending Criteria and Information

Customer feedback

How to apply

Multi-Unit Freehold Block (MUFB) mortgages

Variable rate Multi-Unit Freehold Block (MUFB) mortgages

Fixed rate Multi-Unit Freehold Block (MUFB) mortgages

Representative example

Lending Criteria and Information

Customer feedback

How to apply

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