Frequently Asked Questions

Yes, a bridging loan can be used to fund a property deposit. It is typically secured against another property you already own, not the purchase itself, and repaid when that property is sold or refinanced. This allows buyers to proceed quickly without waiting for a sale to complete.

Yes, but with limitations. Some lenders accept a PCC instead of a new build warranty, but criteria are usually tighter because a PCC does not provide long-term structural cover, increasing perceived risk.

Yes, you can get a mortgage on a house next to a petrol station, but it is classed as non-standard and fewer lenders will consider it. Lenders assess environmental risk, noise, fumes, access, and resale demand, and higher deposits or specialist lenders may be required.

A day 1 re-mortgage allows a property to be refinanced immediately after purchase, without the usual six-month ownership requirement. It is commonly used following cash purchases, auctions, or bridging finance, and is subject to lender criteria, valuation, and evidence supporting the property value.

Yes, you can refinance a mortgage immediately in the UK, but only with lenders that allow day 1 re-mortgaging. Most lenders apply a six-month ownership rule, so immediate refinancing is limited to specific products and is subject to valuation, underwriting, and eligibility criteria.

Lenders typically use either a block valuation, usually capped at around 85% of the aggregate value, or an aggregate of individual unit valuations. Aggregate valuations normally require each flat to have its own utilities and strong resale demand, while block valuations treat the property as a single investment asset.

An MUFB mortgage is a loan used to buy or refinance a multi-unit freehold block, where multiple self-contained flats sit under one freehold title, and lending is assessed using buy-to-let or specialist criteria rather than standard residential rules.

Yes, mortgages are available for blocks of flats through buy-to-let or specialist lenders, with lending decisions based on unit numbers, valuation method, tenancy structure, utilities setup, and overall marketability of the block.

Borrowing is typically based on loan-to-value, usually ranging from 65% to 85%, depending on whether the block is valued as a single investment or via aggregated unit values, and whether it meets buy-to-let criteria.

Experience is not always required, but many lenders prefer prior buy-to-let experience, especially for larger MUFBs, while inexperienced borrowers may face lower loan-to-value limits or a reduced choice of lenders.

MUFB mortgages commonly offer loan-to-value ratios between 65% and 85%, depending on unit count, valuation approach, shared utilities, tenancy profile, and whether the block qualifies for buy-to-let rather than commercial lending.

Not always; smaller blocks that meet buy-to-let criteria can be funded with MUFB buy-to-let mortgages, while larger or more complex blocks typically require commercial mortgage finance.

Yes, first-time buyers can obtain MUFB mortgages, but lender options are more limited and borrowing is often capped at lower LTVs, with stricter affordability and property criteria applied.

Buying a block of flats can provide diversified rental income and management efficiencies, but investment performance depends on purchase price, financing costs, maintenance, void risk, and long-term rental demand.

MUFBs are multi-unit freehold blocks, meaning multiple self-contained flats held under a single freehold title, commonly financed using specialist buy-to-let or commercial mortgage products.

Buying an MUFB on a mortgage typically takes 6–10 weeks, depending on valuation complexity, lender underwriting, legal work, and whether the block meets standard buy-to-let criteria.

Yes, commercial mortgages are commonly used for larger or more complex blocks of flats, particularly where unit numbers are high, leases are long-term, or the block falls outside buy-to-let lending criteria.

An MUFB mortgage refers to finance arranged on a property comprising multiple flats under one freehold title, where lending is assessed on the block as a whole rather than as individual residential homes.

Yes, thatched cottages are mortgageable with specialist lenders, subject to suitable insurance, fire-mitigation measures, and confirmation that the thatch is well maintained and professionally inspected.