Buy-to-let policy
We do not lend on multi unit freehold blocks.
A MUFB is a property split into two or more self-contained flats (no shared kitchen, bathroom, etc), each let on a single tenancy agreement with its own utilities. These properties are often houses which have been converted into flats, but the building has been left on a single freehold title without the creation of individual leases for each flat. A lender’s security would usually be the freehold title upon which they would place a single mortgage.
If the flats were on individual leasehold titles then we could lend, and would require separate mortgage applications per flat.