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Rent a room mortgages

Has your client found their ideal home but their income isn’t quite enough to get the mortgage they need? A spare room can help! Our exclusive Rent A Room mortgage lets applicants use rental income from letting out a spare room to get the mortgage they want, and can help towards monthly payments. This is especially useful for first time buyers who may need that income boost to get on the property ladder.

Affordability calculator

Find out how much your client can borrow with our affordability calculators.

Variable mortgages

The mortgages listed below move on to our Standard Variable Rate, 5.60% (variable), after the initial rate period.  Our SVR is increasing to 5.75% (variable) from 1st July 2022.

There may be a limit on how low your interest rate can fall. This is called an ‘interest rate floor’. The interest rate floor applicable to your loan will be specified in your loan documentation.

rate i
from SVR i
Overall cost for
comparison i
Max %
fee i
80% Rent A Room variable for 2 years See example3.69%1.91%5.6% APRC80%£999
£XXX.xx per month
See details

Representative example: A mortgage of £135,000.00 taken out for a period of 34 years on a repayment basis.
Monthly instalments: £581.91 per month for 23 months, followed by £736.78 per month for 384 months.
Total amount payable: £297,661.45.
Total amount of credit: £135,000.00.
The total amount payable includes valuation fee £255, product fee £999 and closing fee £100.
The overall cost for comparison is 5.6% representative APRC. This example is based on our 80% Rent A Room variable for 2 years product.  It is based on our current Standard Variable Rate of 5.60%, with fees not added to the mortgage.

Please ask for a personalised illustration for your own particular requirements.

This section is for use by professional Intermediaries only. If you are a customer please visit our Mortgage section.