Go paper-free
Amend paper-free preferences for your statements and correspondence.
If you don’t have a Buy-to-Let mortgage, you’ll need to ask for our agreement to rent out your home.
If we agree to you renting out your home we'll charge an added rate of 0.5% on top of your existing interest rate and we’ll let you know what the monthly payments will be.
If you manage your mortgage using a Budget plan scheme your monthly payment will stay the same until your next review date.
Use this calculator to give you an idea of how your monthly payments could change
If you have multiple sub account - this is where your mortgage is split into different parts – you’ll need to put each part in separately and add them together to get an amount. This is because your sub accounts may have different interest rate or mortgage types, or have different lengths or time left, known as the ‘term’.
Here is an example of how you can use our online calculator to work out your new monthly payment when you have multiple sub accounts. Our example below shows a customer with a £123k mortgage which is split into different sub accounts, each with different mortgage type, term and interest rate.
By entering the information for each sub account separately, the calculator adds the 0.5% charge on top of the specific sub account details so you can see the estimated increase for each sub account.
Sub account 1 - £70k repayment mortgage with 12 years remaining and a 4.5% interest rate – a difference of £18 per month.
Sub account 2 - £30k repayment mortgage with 15 years remaining and a 5.24% interest rate – a difference of £8 per month.
Sub account 3 - £23k interest only mortgage with 10 years remaining and a 5.9% interest rate – a difference of £10 per month.
Adding the increases for each sub account together gives you an estimate of the total increase in monthly mortgage payments.
Sub 1 £18 + Sub 2 £8 + Sub 3 £10 = £36
Each time your interest rate changes, so will the monthly payment.
If you rent out your home without our agreement, or we reasonably believe you’re doing this -
If you’ve moved back home, you need to let us know by calling 0345 850 0842. We’ll let you know what evidence we need to give us to show you’re living there.