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.
Use our affordability calculator to get an idea of how much your client could borrow. This unique calculator allows you to add expected lodger income to the calculation (in the Applicant details section) and will work out the maximum amount they could borrow, assuming the rental income received would cover at least 50% of the mortgage.