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Rent a room mortgages

Found your ideal home but your income isn’t quite enough to get the mortgage you need? Your spare room can help. Our exclusive Rent A Room mortgage lets you use rental income from letting out a spare room to get the mortgage you want, and can help towards your 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 you could borrow. This calculator will work out the maximum amount you could borrow, assuming the rental income received would cover at least 50% of the mortgage. Please contact the team if you have questions about your specific circumstances.

Affordability calculator

Find out how much you can borrow with our affordability calculators.

Monthly payments calculator

Use the calculator to find out what your monthly payments might be based on the mortgage product and the type and term of your borrowing.

Mortgage details

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Please scroll down for monthly payments by product.

This is the maximum amount based on the information you provided. Your mortgage adviser will take you through the application process and will calculate the amount you can afford to borrow based on your income after the deduction of those expenses and commitments. Further restrictions may apply for specialist products.

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.

Useful stuff

Mortgage Conditions

Tariff of Mortgage Fees

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