A property built or converted within the last 12 months or a property that has never been lived in in its current format. All properties less than 10 years old must hold an adequate warranty. See also New Build Warranties. Related words: Property development, construction, age
MUFB Availability
Available to both Individual and Limited Companies / LLP applicants. CHL 1: Small MUFB onlyCHL 2: Small & Large MUFB (including Complex HMO & Hybrid MUFB) Related words: Ltd Co, SPV, House in multiple occupation
MUFB
A Multi-unit Freehold Block (MUFB)is a block of self-contained units on a single freehold title. Any element of commercial usage is unacceptable. Small MUFB (Available in CHL 1 & CHL 2 ranges)Blocks with up to 6 self-contained units where there is no HMO element.Each unit must have separate services Large MUFB (Available in CHL 2 …
Property sourcing companies
Considered on a case by case referral basis. Related words: property management, investment, portfolio, agent
HMO Size
We define a small HMO has having up to 6 bedrooms and a large HMO as having up to 10 bedrooms. Related words: House in multiple occupation, units, share, student
MUFB Size
We define a small MUFB has having up to 6 units and a large MUFB as having up to 10 units. Related words: Multi-unit freehold block
Short Term Lets Availability
Available to both Individual and Limited Companies / LLP applicants. Only available on CHL 2 range. Related words: STL, holiday let, serviced apartment, Ltd Co
Location
We will consider lending against properties mainland England, Isle of Wight and Wales. Related Terminology: Scotland, Ireland, where