Multi Unit Buy to Let Mortgages

A Buy to Let property that consists of a number of self contained flats is often referred to as a multi-unit property, multi-unit building or block of flats. A typical scenario would be a single house split into two or three studio or one bedroom flats – each rented separately and with one legal title at the land registry for the entire building.

At Rockhopper we work with a number of lenders who are happy to consider this type of property up to 85% loan to value in certain cases, subject to rental income and personal status.

For houses/blocks split into 6 or fewer flats then standard buy to let mortgage rates can apply – currently starting at well below 2% interest rates. For houses/blocks split into 7 or more flats then slightly higher specialist buy to let mortgage rates apply.

Clients have told us that they may have approached their own Bank/Building Society for a buy to let mortgage on a multi-unit buy to let and have been declined as the property is not a single residential dwelling.