Mortgages for Guest Houses

Mortgages for Guest Houses

Compare Latest UK Mortgage Deals

Compare UK Market Leading Mortgage Deals

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
4.70%
Reverts to 6.99%
Max LTV
60%
Product Fee
Yes

Early redemption charges may apply. Overall Cost for Comparison 6.99% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
4.90%
Reverts to 6.99%
Max LTV
75%
Product Fee
No

Early redemption charges may apply. Overall Cost for Comparison 6.70% APRC. This is the cost of the mortgage over the full term.

There are no tables for this criteria

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.49%
Reverts to 3.54%
Max LTV
75%
Product Fee
Yes

Early redemption charges may apply. Overall Cost for Comparison 2.80% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
2.64%
Reverts to 4.04%
Max LTV
75%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.90%
Reverts to 4.74%
Max LTV
75%
Product Fee
No
Call Post Office FREE on 0808 178 6813
£400 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.70% APRC. This is the cost of the mortgage over the full term.

There are no tables for this criteria

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
4.70%
Reverts to 6.99%
Max LTV
60%
Product Fee
Yes

Early redemption charges may apply. Overall Cost for Comparison 6.99% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
4.90%
Reverts to 6.99%
Max LTV
75%
Product Fee
No

Early redemption charges may apply. Overall Cost for Comparison 6.70% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
5 Years
Initial Interest Rate
1.48%
Reverts to 3.59%
Max LTV
75%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934

Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.49%
Reverts to 3.54%
Max LTV
75%
Product Fee
Yes

Early redemption charges may apply. Overall Cost for Comparison 2.80% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
2.64%
Reverts to 4.04%
Max LTV
75%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.90%
Reverts to 4.74%
Max LTV
75%
Product Fee
No
Call Post Office FREE on 0808 178 6813
£400 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.70% APRC. This is the cost of the mortgage over the full term.

There are no tables for this criteria

There are no tables for this criteria

There are no tables for this criteria

There are no tables for this criteria

There are no tables for this criteria

Mortgages for Guest Houses

In some cases, you will need to get a specific type of mortgage to buy a guest house, called a commercial mortgage. This is a mortgage which is designed for property that will be used as a business asset rather than as a private residence, and allows you to buy a property for the specific purpose of using it as a bed and breakfast.

You may find it easier to get a guest house mortgage if you can demonstrate:

  • A high deposit – this reduces your risk as a borrower in the eyes of the mortgage lender
  • A business plan – if you are starting up a new guest house business, you may need a 12 month cash flow forecast and projected accounts for next 12 months together with a detailed business plan
  • Up to date accounts – you may need up to three years’ worth of accounts if you are buying an existing guest house or  looking to get a remortgage
  • Business acumen – proof of experience of running a successful business may count in your favour
  • Good credit history – no outstanding County Court Judgments (CCJs) or bankruptcy to your name
Offers

Virgin Mortgage – 2 Year 75% LTV

HSBC – 2 Year Fixed Deal

  • Initial Rate – 1.24%
  • 75% Loan To Value (LTV)
  • 2 Year Fixed
Overall cost for comparison 3.30% APRC

Click here for more details

   
Reviewers recommend Fair Investment Company

RBS Buy to Let Mortgage – 2 Year 60% LTV

RBS – Buy to Let 2 Year Fixed Deal

  • Initial Rate – 1.39%
  • 60% Loan To Value (LTV)
  • 2 Year Fixed

Overall cost for comparison 4.50% APRC

Call RBS FREE on 0800 096 7962

 

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE