The Problem?
A landlord owns a Multi-Unit Freehold Block (MUFB) consisting of five individual flats with shared utilities. Many lenders are hesitant to finance properties with this configuration, making it challenging for the landlord to secure suitable funding.
The solution
We offer support for this type of MUFB property. Our approach involves valuing the property as a full block rather than needing each unit to be readily saleable. We are comfortable with shared utilities in MUFBs, recognising this feature as standard in many older or converted properties.
Give us a call to discuss your latest case