Skip to content Sitemap

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.

Affordability calculator

Want to know if you can afford this mortgage?

Get started Close

Gross annual income

Mortgage details

Error text here

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, currently 4.9% (variable), after the initial rate period. 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.

Product
name
Initial
rate i
Discount
from SVR i
Overall cost for
comparison i
Max %
LTV i
Product
fee i
Mortgage
repayment
80% Rent A Room variable for 3 years See example 2.99% 1.91% 4.70% APRC 80% 0.4% (£599 min)
£XXX.xx per month
See details

Representative example: A mortgage of £168,000 taken out for a period of 36 years on a repayment basis.

Monthly instalments: £636.29 per month for 35 months, followed by £818.41 per month for 396 months.

Total amount payable: £347,617.51

Total amount of credit: £168,000

The total amount payable includes administration fee £125, valuation fee £285, product fee £672, completion fee £75 and closing fee £100.

The overall cost for comparison is 4.7% representative APRC.

This example is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personal illustration for your own particular requirements.

Fixed rate mortgages

The mortgages listed below move on to our Standard Variable Rate, currently 4.9% (variable), after the initial rate period. 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.

Product
name
Initial
rate i
Overall cost for
comparison i
Max %
LTV i
Product
fee i
Mortgage
repayment
80% Rent A Room fixed for 3 years See example 3.29% 4.70% APRC 80% 0.4% (£599 min)
£XXX.xx per month
See details

Representative example: A mortgage of £168,000 taken out for a period of 36 years on a repayment basis.

Monthly instalments: £664.90 per month for 35 months, followed by £820.99 per month for 396 months.

Total amount payable: £349,640.54

Total amount of credit: £168,000

The total amount payable includes administration fee £125, valuation fee £285, product fee £672, completion fee £75 and closing fee £100.

The overall cost for comparison is 4.7% representative APRC.

This example is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personal illustration for your own particular requirements.

80% Rent A Room fixed for 5 years See example 3.49% 4.6% APRC 80% 0.4% (£599 min)
£XXX.xx per month
See details

Representative example: A mortgage of £184,000 taken out for a period of 34 years on a repayment basis.

Monthly instalments: £771.83 per month for 59 months, followed by £912.89 per month for 348 months.

Total amount payable: £364,544.69

Total amount of credit: £184,000

The total amount payable includes administration fee £125, valuation fee £285, product fee £736, completion fee £75 and closing fee £100.

The overall cost for comparison is 4.6% representative APRC.

This example is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personal illustration for your own particular requirements.

Useful stuff

Image of front cover of Mortgage Conditions and Explanations publication by Bath Building Society including logo. Image shows set of keys on red background.

Mortgage Conditions

Image of the front page of Tariff of mortgage fees publication by Bath Building Society including logo. Shows close up image of abacus

Tariff of Mortgage Fees