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Multi Unit Valuation
Definition
An assessment of a multi-unit freehold property's value, often required by lenders to determine loan amounts and terms.
Related Terms
Related FAQs
A multi unit freehold HMO mortgage is for properties with multiple self-contained units on a single freehold title.
Was this helpful?These mortgages usually have higher rates, stricter criteria, and may require larger deposits.
Was this helpful?Most lenders require a minimum 30% deposit, though some may accept 25% for experienced landlords.
Was this helpful?Requirements include property suitability for multiple units, adequate room sizes, safety compliance, strong rental demand, and often landlord experience with multi-unit properties.
Was this helpful?Multi unit freehold HMO mortgage rates typically range from 5.5% to 8.5%, higher than standard HMO mortgages due to increased complexity and management requirements.
Was this helpful?Multi unit freehold properties have separate self-contained units on a single title, requiring different licensing, management approaches, and potentially higher maintenance costs.
Was this helpful?Each unit may require separate HMO licensing, depending on the number of tenants. Some councils treat multi unit properties as separate HMOs requiring individual licenses.
Was this helpful?Management includes separate tenant agreements, individual utility arrangements, maintenance coordination, and potentially different rental cycles for each unit.
Was this helpful?Criteria include property suitability for multiple units, strong rental demand, adequate room sizes, safety compliance, and often landlord experience with multi-unit properties.
Was this helpful?Multi unit freehold HMO mortgage applications typically take 6-10 weeks due to additional complexity, multiple unit assessments, and potentially more thorough lender evaluations.
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