New Build Houses of Multiple Occupancy and Multi Unit Blocks
Here’s a wrap-up of our Specialist Property criteria and how we can help your specialist customers to get life moving.
Houses of Multiple Occupancy and Multi Unit Blocks
- Applicants with no previous experience can be considered for HMOs and MUBs.
- HMOs can have up to 6 bedrooms and a minimum valuation of £100,000.
- MUBs can have up to 6 self-contained units on a single freehold title – flats only.
Flats
- There’s no maximum limit on the number of storeys in a block of flats, subject to Valuers comments.
- Ex-local authority flats considered, with no minimum private ownership percentage, deck access allowed and no maximum limit on number of storeys.
Property above or adjacent to Commercial
- Properties above and/or adjacent to commercial premises can be considered up to 75% LTV.
- p to 60% LTV for flats above/adjacent to restaurants, takeaways, dry cleaners, hairdressers, launderettes, tattoo, piercing, nail parlours, public houses and petrol stations.
New Build
- New Build properties accepted.
- Offer validity of 6 months.
- Builder deposit/incentives acceptable up to 5% of the purchase price.
Right to Buy
- Right to Buy and Acquire considered for purchase only applications from Local Authorities for Right to Buy and from Housing Associations for Right to Acquire.
- Available up to lower of 100% of discounted purchase price or 75% of the open market value.