Mortgages for freehold and leasehold blocks of flats
If you are looking for help to purchase or remortgage a block of flats Trinity Financial can help.
We have access to a host of specialist banks and building societies offering mortgages for blocks of flats on single freehold or separate leasehold titles.
It can be difficult to find a high-street lender offering mortgages for blocks of flats, and the specialist providers can be particularly expensive. Niche lenders can also have a wide range of qualification criteria.
Aaron Strutt, product director at Trinity Financial, says: “In order to make sure you are getting the most competitively priced rates and setup fees, it is important to research the market and understand your options.
“Some of the commercial lenders prefer to offer mortgages on the whole block rather than a few flats and they price accordingly. They will pay particular attention to the valuation report and location of the property.”
Mortgages for multi-unit blocks of flats:
- Mortgages for limited companies
- Up to 75% loan-to-value
- Remortgages to secure a cheaper rate
- Release equity for further investments
- Lenders offering fast processing times
- Fixed rates and longer mortgage terms
- Interest-only mortgages available
One of the bank’s Trinity has access to offers a two-year tracker rate and three or four-year fixes. There is a 1.5% arrangement fee that can be added to the loan.
In order to make sure the landlords get the best possible deal, our brokers approach a range of lenders to compare the rates, property valuation and legal fees.
If you would like help to secure finance on a block of flats, call Trinity on 020 7016 0790 and ask for Jed Newton.
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