If you are an investor looking for higher rental yields than the traditional buy to let, buying a multi-unit block can be very attractive.
Lending on large multi unit blocks is however not something many high street banks can assist with as it is more of a commercial proposition.
Magni Finance have access to a range of specialist lenders who can offer finance secured against the single freehold title as opposed to individual leases, making the transaction much simpler.
If you are buying a multi-unit block, we can secure funding up to 75% of the freehold value. You may simply be looking to find a better rate than your existing lender or raising funds on an existing block to fund another investment. Multi-unit block lending also includes houses that have been split into flats where individual leases have not been created.
These mortgages can be arranged for private individuals, limited companies, SPV’s and trusts, both onshore and offshore.
The loan can be on an interest only basis to keep costs down and there are short and long term fixed rate options.
Whatever your requirements are, our expert brokers will listen to your individual circumstances and search the whole market on your behalf to make sure you get the best pricing and terms available.