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MUFB mortgages
Finance Multi-Unit Freehold Blocks of any size with access to 80+ lenders and borrowing up to 85% LTV.
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Can I get a MUFB mortgage?
Getting a mortgage on a MUFB (Multi-Unit Freehold Block, also referred to as an MUB) is largely dependent on the rent it will attract. Some lenders may also want to see that you have previous experience in renting property.
Factors that may impact you getting a HMO mortgage
- Some types of poor credit
- Not having enough money for a deposit
- The value of the property being less than you expected
If you have questions, chat to our advisors on live chat, via the phone, or get a call-back we're here to help.
Is an MUFB mortgage right for you?
This page explains finance for multi-unit freehold blocks, where multiple self-contained flats or houses are held under one freehold title. It covers borrowing up to 85% LTV and support for properties of different sizes. Our advisers often see MUFB cases affected by how the units are configured, whether each unit is self-contained, and how lenders value rental income across the block.
Who this is for
For investors buying or remortgaging a freehold block split into flats/houses under one title, whether they are first-time buyers, experienced landlords or applying in a limited company.
Who this is not for
Not for single flats, standard houses, or properties that do not consist of multiple self-contained units held under one freehold title.
We work with over 80 mortgage lenders, including:
Compare today's mortgage rates:
MUFB mortgage eligibility
- First time buyers to experienced landlords
- You must be over 18 years old
- Minimum deposit 15% of the property value
- Upper age limits at application are flexible
- Low personal incomes are accepted
- Property, pension and employment income is OK
Mortgage requirements we can help you with
- Multi-unit blocks of any size
- Borrowing of up to 85% loan to value (LTV)
- No minimum income options
- Applicants of 18 years with no upper limit
- Mortgages with flexible affordability calculations
- Interest-only or repayment terms
- Cashback, free valuation and other incentives
- Borrowing based on rental income from property
- Portfolio of any size
- Purchases, remortgages, second charges
- Like for like loans or capital raising
- Special Purpose Vehicle (SPV) MUFB mortgages
- Trading limited company MUFB mortgages
- First time buyer MUFB mortgages
Ready to get started?
Your personal advisor will call. Direct lines start 01603. Get today's rates, help, or apply. Lender terms provided in as little as two hours!
What is a Multi-Unit Freehold Block (MUFB)?
A multi-unit freehold block (sometimes just referred to as a multi-unit block) describes a property that has been split into flats, where all the flats remain under one freehold “Title deed”, usually shortened to just “Title”.
The Title of a property is the documentation which proves who owns the property now, and who has owned the property in the past.
Pros and cons of investing in a Multi-Unit Freehold Block
MUFB properties tend to offer high yields, making them more profitable than a single house or flat. This is because they tend to be bigger properties, which attract multiple rents, as a result of the multiple homes you can offer tenants.
An MUFB might be the sort of property you invest in, until you have experience of renting a more standard property. Due to their size and multiple tenants, the administration associated with running one is more complicated.
If you take on a letting agent, they can take the day-to-day management off your hands, and an accountant can help you with financial matters, so there are ways you can get help, but these services will cost you money.
You can secure a mortgage on an MUFB with a few lenders, but some will look for landlord experience.
MUFB mortgage lenders
These properties are among the more specialist types to secure a buy to let mortgage against, so MUFB mortgage lenders are typically specialists, rather than banks or building societies you will see on the high street.
Some lenders accept both MUFBs and Houses of Multiple Occupation (HMO) under one product range. As these are already specialist properties the rates don’t tend to vary if you are investing in personal name or via a limited company.
You will usually find that a lender will either accept limited company application on these product ranges or not, rather than them separating out products based on your application route.
Why choose Commercial Trust?
Apply with ease by phone
It couldn't be easier to secure a MUFB mortgage with our expert advisors. Ask all your questions and arrange an application on the phone from your sofa.
World class customer service
We'll find you a great deal and take all the admin work off your shoulders, so you can relax while we get your mortgage completed. All the while giving you progress updates.
Lender decision in 2 hours
By contacting you by phone and email you can get help more quickly than in-person services. It's possible to get you a lender decision in principle in as little as two hours after our call.
Commercial Trust is a member of the Legal & General Mortgage Club.
We chose to work with Legal & General as they are the largest, longest-running club in the UK.
This gives our clients the confidence that their borrowing is with a lender selected by an established and trusted club, who are involved in nearly one in three mortgages processed by intermediaries like us.
Costs involved with a MUFB mortgage
Lenders may charge you for the valuation conducted on your property. They often also charge a product fee, sometimes this can be added to the mortgage.
You will need a conveyancing solicitor who will charge fees. Read our guide to choosing a conveyancing solicitor.
We charge a broker fee for our work. You pay in two parts. A booking fee, once we have found you a mortgage deal, at application. The majority of our fee is paid at completion of the mortgage.
Every mortgage comes with monthly mortgage costs based on the mortgage interest rate the lender charges. These are paid on either an interest-only or capital repayment basis.
How to apply for a MUFB mortgage
1
Tell our advisors about the property you are investing in, your needs and circumstances. If you have credit concerns, chat to us about them, so we can put you with the right lender.
2
Your advisor will find the best possible deal from a search of thousands of products. They will get a lender decision in principle, this requires soft credit search (occasionally it is a hard credit search).
3
Your advisor will call to discuss the product they found for you. You will be presented with one mortgage that is the best match for all your needs and offers you the most cost effective option.
4
On your application, your advisor will submit your mortgage application. Your account manager then does all liaison and administrative work to complete the deal, whilst keeping you updated at every step.
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Frequently asked questions
What is the difference between a HMO and a MUFB?
A House of Multiple Occupation (HMO) is a property containing multiple bedrooms, often with ensuite bathrooms and possibly a kitchenette, but do have shared facilities such as a lounge and main kitchen. There may be a single tenancy agreement that all tenants are party to, or individual agreements. A Multi-Unit Freehold Block is a property that has separate flats within it and does not have communal facilities. Each tenant unit has their own tenancy agreement, they are not party to one agreement for the entire building.
What is the maximum number of units in a MUFB?
Different mortgage lenders set their own criteria for the number of units they will accept within an MUFB. A broker can help you identify a lender who can help with your particular requirements.
What is a block mortgage?
A Block mortgage is likely to mean a “Multi-Unit Freehold Block” mortgage, where a property is made up of multiple flats that are each let out.