Multi Unit Freehold (multiple properties on same title)
Our standard acceptability
Acceptable
Criteria definition:
Indicates if we can potentially lend on single title multi-unit properties
Policy Notes:
Family Building Society does lend on 'Multi Unit Freehold' properties.
Warning Notes:
Criteria detail is;
·
Maximum of three separate units within
the property.
·
No more than two storeys (to avoid possible
HMOs)
·
Maximum LTV 70%
·
Property to be valued as a single freehold unit.
·
Rental from all ASTs can be considered.
·
No “purpose built” blocks i.e. converted houses only.
·
All necessary Planning/Building Regulations to be
in place.
·
No properties classed as HMOs
- Flats and Apartments
- Property
Last updated:
29 August 2018