MULTI UNIT FREEHOLD BLOCK MORTGAGE
The growing opportunity in multi unit freehold block mortgages
A multi-unit freehold block is a type of freehold property that is divided into individual flats with single lease. There are lots of benefits of multi unit freehold block that include; ICR (interest cover ratio) typically based on overall rental value, interest repayments methods are available, it may be possible to find finance on multi unit blocks. Not only this, but it can be available up to a maximum of 75% of the property value.
At Finspace, multi-unit freehold block mortgages have following advantages;
- Lending all across England and Wales
- Up to 75% LTV
- Mixed repayment methods
- Suitable for both landlords and Limited companies.
Large Portfolio Refinance / Restructuring
Large Portfolio refinances are generally carried out to save money on the clients existing loan agreement or to replace an expiring loan agreement. A refinance can also be a good way to capital raise, subject to LTV etc., for further expansion within the portfolio. A restructure can be done if stakeholders are being reshuffled or the ownership is changing completely, whether it is on or off-shore, Limited Co or LLP Read more.
Capital Raises
If a client has a suitably lowly geared property portfolio a Capital Raise can be a good way for the client to access funds for onward business investment. The majority of Capital Raises are used for property investment, whether that be expanding the property investment portfolio or extracting funds for a property development project
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Multiple Asset Classes
Complex mortgages can be arranged to cover the vast majority of asset classes. These facilities can be arranged with one mortgage which covers the mixed asset classes or they can be broken up into separate ownership structures with a mortgage that covers each one. Which way these are arranged is generally guided by the clients current or future tax commitments Read more.
Complex Ownership Structures
Long Term Finance can be arranged for most ownership structures whether they are on or off-shore and there can often be large group chains that need to be assessed. Mortgages can be arranged for the vast majority of these and the LTV’s are similar to standard product ranges Read more.
Portfolio Finance Case Studies
Refinance and Capital Raise on 100 Properties
£17,000,000