Mortgage Insurance Calculators About How it Works
   Back | How it Works
How it Works
Securing an excellent mortgage offer with Revolution Finance Brokers couldn't be easier
1Get in Touch
Complete a quick form to give us an overview of your mortgage or financing requirements, and we'll provide recommendations about the best opportunities for you.
2Submit Your Application
Once you've chosen your preferred mortgage deal, we'll steer you through the paperwork with comprehensive application management from start to finish.
3Mortgage Completion
Revolution Finance Brokers will finalise the details and enable you to move forward without delay!
   Back | About
About
Blogs & Guides
Contact Us
FAQs
Documents
GDPR Policy
Terms & Conditions
Cookies Policy
Privacy Policy
Areas
Credit Report
   Back | Insurance
Insurance
Business Protection Insurance
Life Insurance
Building Insurance
Home Insurance
Mortgage Repayment Protection
Family Income Benefit
Critical Illness Cover
Income Protection
Life Insurance
   Back | Calculators
Calculators
Stamp Duty
Commercial Stamp Duty
How Much Can I Borrow?
Buy To Let
Bridging Loan
Residential & Commercial Bridging
Mortgage Repayment
Development Finance
Commercial Mortgage
   Back | Your Mortgage Position
Your Mortgage Position
Bad Credit
Bridging
Buy to Let
Development Finance
Self Employed
Mortgage for professionals
Equity Release
Expat mortgages
Interest Only
Mortgage Affordability
Mortgage Application
Income Types
Residential Mortgages
Commercial Mortgages
Property Types
Remortgages
First Time Buyers
Mortgage Declined
Offset Mortgage
Other
   Back|Bad Credit
Bad Credit Mortgages
Mortgage for Applicants with Bad Credit
Mortgage with Defaults on Your Credit
Buy to Let Mortgage With Bad Credit
Mortgages for Debt Consolidation
Finding a Mortgage with Poor Credit
Mortgage Interest Rates with Bad Credit
Mortgage After Repossession
Getting a Mortgage After Payday Loans
Avoiding Repossession
Subprime Mortgages
Bridging Loan with an Adverse Credit
Mortgage with a CCJ
Mortgage with Credit Card Debts
Adverse Credit Mortgage Online
Self-Employed Mortgage with Bad Credit
Shared Ownership Mortgage with Adverse Credit
Right to Buy as a Bad Credit Applicant
Commercial Mortgages for Bad Credit Borrowers
Deposit Requirements for Bad Credit Mortgages
Finding a Mortgage Offer After Rental Arrears
How Can I Repair my Credit Score to Get a Mortgage?
How Does the Help to Buy Scheme Work for Bad Credit Applicants?
How to Decipher Your UK Credit Reports
How to Qualify for a Mortgage with Zero Credit Score
How to Secure a Bad Credit Buy to Let Mortgage
Is it Possible to Find a Mortgage After Bankruptcy?
Joint Mortgage Applicant Has Bad Credit
   Back|Bridging
Bridging Finances
Auction Finance
Fast Bridging Finance
Low-Cost Bridging Loans
Bridging Loans Guide
Bridging Loans for Residential Homes
Bridging Loan at 100% Loan to Value?
Commercial Bridging Finance
Bridging Loan with Adverse Credit
Fast Bridging Finance
Financing a Property Purchase at Auction
Finding Regional UK Bridging Loans
Financing an Auction Property Purchase
Bridging Finance for Land Developments
Long & Short Term Bridging Finance
Bridging Finance on Rental Investments
Bridge to Let Mortgage Borrowing
Using Bridging Finance for Development Projects
   Back|Buy to Let
Buy to lets
Buy To Let Mortgages for Expats
Buy To Let Refurbishment Mortgages
Buy to Let Interest-Only Mortgages
Changing Your Mortgage to Buy to Let
Mortgages for Buy to Sell Investments
Company Mortgages for SPVs
Stamp Duty for Buy to Let
HMO Finance
LTD Company Property Finance
Holiday Let Mortgages
Holiday Let Mortgages 80 LTV
Repayment Mortgage for Buy to Let
Buy To Let Mortgages For New Builds
Buy to Let Mortgages Guide for Investors
Buy To Let Mortgage With Poor Credit
Let to Buy
BTL UK Portfolio Mortgages
Portfolio Landlord Mortgages
Property Refurbishment Finance
Best Buy to Let Mortgages: 75% LTV
Buy to let 80% LTV Mortgages
Buy to Let Remortgage
Securing BTL Mortgage Quotes & BTL Agreement
Buy to Let Mortgages for First Time Buyers
Buy To Let Mortgages For Retiree Landlords
   Back|Development Finance
Development Finance
Development Finance Explained
Guide to Construction Finance
Development Exit Finance
Why Location Matters in Development Finance Applications
Development Finance for Residential Properties
Finance a Property Development with No Deposit
Development Finance Applications
Development Finance ROI
Checklist of Considerations before you Develop Your First Propertyce
Development Finance FAQs
Lender Criteria for Development Finance
   Back|Self Employed
Self Employed Mortgages
Company Director Mortgages
Mortgages for LLPs
BTL Mortgage If You Are Self Employed
Self-Employed Mortgage After 2 Yrs Accounts
Mortgages For Newly Self Employed
Mortgage for Partnerships & Sole Traders
Mortgages for Self-Employed Accountants
   Back|Mortgage for Professionals
Social Worker Mortgages
Foster Carer Mortgages
Mortgages for Armed Personnal
Finding a Mortgage for Doctors
Graduate Mortgages
Teacher Mortgage Options
Mortgages for Solicitors, Barristers & Lawyers
Mortgages for UK Professionals
   Back|Equity Release
Lifetime Mortgages
Equity Release With & Without Mortgage
Equity Release with a Mortgage
Interest-Only Equity Release Mortgages
Home Reversion in Equity Release Financing
Analysing Equity Release Product Safety
Equity Release as a Retirement Strategy
Repaying an Equity Release Mortgage Early
   Back|Expat Mortgage
Expat Remortgages for UK Nationals
Finding a UK Mortgage Broker as an Expat
Expat Mortgages for UK Nationals
Buy To Let Mortgages for UK Expats
Mortgage Calculator Guide for Expats
   Back|Interest Only
Interest-Only Lifetime Mortgages
Switching Your Mortgage to Interest-Only
Part Repayment & Interest-Only Mortgages
Repayment vs Interest-Only Mortgages
Interest-Only Mortgage for First-Time Buyers
Secured Interest-Only Home Loans
Interest-Only Retirement Mortgages
Interest Only Mortgages
Repayment Vehicles for Interest Only Mortgages
   Back|Mortgage Affordability
Mortgage on 5.5 x Salary
Mortgage on a Single Income
Mortgage with an Overdraft
Mortgages on 4 - 4.5 x Salary
Mortgage based on Salary
Mortgage on a Single Income
Requirements for a £350,000 Mortgage
Mortgages at 6 x Income
Affordability Check for a Mortgage Application
How Do Mortgage Affordability Checks Work?
   Back|Mortgage Application
Mortgages for Individuals
Friends or Family Members
VISA Mortgages
Foreign National Mortgage
Multiple Applicant Mortgages
Single Parent Mortgage
Mortgage Application Process
Mortgage Agreement in Principle
Joint Applicant, Sole Proprietor Mortgages
Single Parent Mortgage
Joint Mortgage Applications
Rejected Mortgage Application
   Back|Income Types
Mortgage with Non-Mainstream Income
Mortgage on a Temporary Work Contract
Mortgage on a Zero Hours Contract
Mortgages for Part-Time Workers
Mortgage Applications Based on Pension Income
Mortgage Options for Gambling Income
Mortgages for Freelancers & Self-employed
Mortgages for Contractors with Variable Income
Mortgages for Agency Staff Employed Through an Umbrella Company
   Back|Residential Mortgages
Residential Mortgages
First Time Buyers
Moving Home
Buy to Let Mortgages
Specialist Mortgages
Second Charge Mortgages
Offset Mortgages
Shared Ownership Mortgages
Self-Build Mortgages
Regional First-Time Buyer Mortgages
Bad Credit First Time Buyer Mortgages
Interest Only Mortgages
Tier 2 Visas Mortgages
Help to Buy Mortgage
Right to Buy Mortgage
Over 50’s Mortgages
Contractor Mortgages
Guarantor Mortgages
Mortgages at 95% Loan to Value
First Time Buyer Guarantor Mortgages
   Back|Commercial Mortgages
Commercial Property Finances
Commercial Mortgages
Property Investment Finance
Commercial Remortgages
Semi Commercial Mortgage
Interest Only Commercial Mortgages
Mortgages For Flats Above Shops
Mortgaging Land Purchases
Portfolio Landlord Mortgages
Mortgages with Bad Credit
Mortgages for Land Investments
Mortgages for Pub Businesses
Large Commercial Mortgage
Bridging Loans for Commercial Mortgages
Mortgages for Large Investments
Commercial Mortgages for B&Bs
Mortgages for Dental Practices
Mortgages for Pharmacies
Remortgaging Commercial Property
Care Home Commercial Mortgages
Second Charge Mortgages
Business Through Mortgage Lending
Deposits on Commercial Mortgages
Hotel Mortgages
Affordability Criteria in Commercial Mortgages
Pros & Cons of Commercial Mortgages
Buy to Let Mortgages for Businesses
Mortgage Terms on Commercial Lending
Asset Finance & Working Capital
Unsecured Business Loans
Business Expansion Finance
Invoice Finance
Partnership Buyout Finance
Hire Purchase
Lease Purchase
   Back|Property Types
Mortgage Rates on New Constructions
Timber Framed House Mortgages
Home with Identified Asbestos
Mortgage on a Maisonette
Property with a Deed of Covenant
Mortgages on Non-Standard Developments
Mortgages on Single Brick Properties
Eco-Friendly Home Mortgages
Ex-Local Authority Flat
Flying Freehold Mortgage
Thatched Roof Property
Flat Mortgages for High Rises
Studio Flat Mortgage
Mortgage on a Home with a Flat Roof
Mortgage Survey Undervalues Your Property
Properties in Flood Risk Areas
Mortgage Lending on Homes with Annexes
Steel Framed House Mortgages
Mortgages for Concrete Properties
Mortgages for Leasehold Properties
Mortgaging a Cottage Property
Mortgage for below Market Value
Repossession Property Purchase
Planning Permission for British Properties
Mortgage on a Home Adjacent to Commercial Properties
   Back|Remortgages
Remortgages
Transferring Your Mortgage Products
Debt Consolidation
Comparing Remortgage Quotations
Day One Remortgaging Explained
Help To Buy Remortgaging Advice
Fees, Taxes and Costs of Remortgaging
Non-standard Income Streams
Finding a Probate Mortgage
Remortgaging Your Home in Retirement
Finance Home Renovations
Mortgages During Employment Probationary Periods
Deals with a 5% Deposit
Secured Loans vs Remortgaging
Porting Your Mortgage
Refinancing Debt Through Remortgaging
Second Property Purchases
How to Find a Cheap Remortgage Rate?
Applying for a Remortgage on an Unencumbered Property
How to Release Equity Through Remortgaging?
   Back|Mortgage Declined
How To Deal With Having A Mortgage Declined On Affordability
Finding a Solution When You Have Had a Mortgage Declined Post-Valuation
Help for Homebuyers Who Have Had a Mortgage Declined After Agreement in Principle
Tips and Advice on Proceeding If You Get Declined for a Mortgage After Exchanging Contracts
What to Do if You Have Had a Mortgage Application Declined
   Back|First Time Buyers
First Time Buyers
Deposit Requirements
First Time Buyer Guarantor Mortgages
Applying for a First-Time Buyer Mortgage
First-Time Buyer Mortgages With a 10% Deposit
Finding a First Time Buyer Mortgage With a 5% Deposit
First-Time Buyer Stamp Duty and Mortgage Costs
   Back|Offset Mortgage
How To Find the Lowest Fixed Rates on Offset Mortgages
What is a Flexible Mortgage - And Who is It Best Suited To?
Offset Mortgages Rated - Pros and Cons
Average Rates on UK Offset Mortgages
What Are Cashback Mortgages - and How Do They Work?
Guide to Understanding UK Offset Mortgages
Is a UK Current Account Mortgage Right For You?
Guide to Offset Mortgage Online Calculators
How Family Offset Mortgages Work
Mortgage Reserves - How an Offset Works
   Back|Other Mortgages
Second Charge Mortgages
Applying for a Mortgage With a New Job
Mortgages for Uninhabitable Property Purchases
Can I Mortgage a Contaminated Land Investment?
Can I Mortgage a Listed Grade Two Property?
Can I Get a Mortgage While on Maternity Leave from Work?
How Does a Public Footpath Impact My Mortgage Chances?
How Many Mortgage Products Can I Have Simultaneously?
What Deposit Sources are Acceptable in the UK?
What Sort of Homeowner Loan Am I Eligible For?
Complete Guide to the UK Mortgage Process
How Can a Broker Improve My Mortgage Eligibility Assessment?

Can I Mortgage a Listed Grade Two Property?

Listed buildings are a complex mortgage asset, with the need to respect heritage architecture yet own a property that qualifies for a competitive financing product. Here we explain why a professional broker will make the difference in mortgaging a Grade II listed home.

Discover What Our Customers

Have to Say!
Discover What Our Customers

AboutAbout your mortgage

Single or joint mortgage?
What’s your yearly income?

Error: Yearly income income must be between £1 and £10,000,000.

Do you receive a regular bonus?

Error: Regular bonus must be between £1 and £10,000,000.

about your mortgage

Based on your yearly income,
you may be able to borrow

image
£0

Most lenders will let you borrow 4.5 times your annual salary so, as long as you have a standard 10% deposit, you should be able to borrow this much.

image
£0

Depending on your personal circumstances, some lenders may let you borrow 5 times your salary.

image
£0

Lenders usually cap the amount they lend at 5.5 times your salary, so it’s unlikely you’ll be able to borrow more than this.

Almas Uddin
Almas Uddin

Founder and Mortgage Advisor

Almas Uddin2023-05-09
twitter  linkedin  

Can I Mortgage a Listed Grade Two Property?

frade  can include a wide range of unique constructions and exciting places to live. However, finding a mortgage can be a challenge, with timber-framed properties and thatched cottages among many of the Grade One or Two listed buildings that require specialist lending.

In this guide, the mortgage brokers team explains how the mortgage process works on listed properties and what considerations a lender will apply when deciding whether to lend.

For more help with finding a mortgage on a listed building, give the experts a call on 0330 304 3040, or drop a message to [email protected].

Does My Property Count as a Listed Building Purchase?

Listed buildings are registered on the National Heritage List for England and have a historical or architectural significance.

This status means there are strict rules about what you can do with the property and any changes to the structure.

There are three grades of property:

  • Grade One buildings are the highest protected and difficult to mortgage since the structure and unique nature make them costly to maintain and sometimes difficult to sell.
  • Grade Two properties are buildings of importance rather than of special interest and are usually easier to mortgage than a grade one structure.
  • Grade Three homes are of interest but less protected than the other categories. Around 92% of listed buildings fall into grade three. Although they are usually simpler to mortgage, they still require maintenance and have rules about looking after the integrity of the structure.

Lenders all have different rules about what they will lend against. Some will refuse to mortgage any property with any listed status, whereas others will review the property's grade listing before making any decisions.

The following
topics are
covered below
Topics

What are The Mortgage Terms and Rates on Listed Properties?
Can I Get a Mortgage on a Listed Property Anywhere in the UK?
Can I Mortgage a Listed Building with Bad Credit?
What Permissions Do I Need to Carry Out Work on a Listed Building?
What are the Survey Requirements for a Listed Building Purchase?
Professional Advice with Listed Building Mortgages
Show more
Show less
Why Revolution Brokers?

Whole of market brokers Whole of market brokers

Mortgage that suits you Mortgage that suits you

On time customer support On time customer support

What are The Mortgage Terms and Rates on Listed Properties?

Again, this depends on the lender, but as a rough guide:

  • Maximum Loan to Value ratios are usually lower than for ordinary residences, given the increased risk. You will usually need a deposit of around 20-25%, although some lenders will accept a lower deposit value.
  • Maximum mortgage terms are usually similar to regular mortgages, with the standard cap around 20 to 25 years - more extended periods aren't generally possible on listed properties.
  • Restrictions will be in place around what you can do with the property, and there are likely to be covenants about how the land or building can be used - these will be identified in the conveyancer searchers. Lenders may refuse to lend if the covenants are highly restrictive.
  • Insurance is another consideration since you must have buildings insurance to get a mortgage. A listed building's age and character mean that insurance is usually a specialist product and can be expensive.

Can I Get a Mortgage on a Listed Property Anywhere in the UK?

The first step to mortgaging this sort of home is having a valuation carried out. The surveyor will report on whether the property is secure and any other considerations they think impact the building's retail value.

Gradings aren't the same in all of the British nations, and work as follows:

England and Wales use the system already described, with grades one to three, with Grade One being buildings of significant interest.

In Scotland, the system works on a similar basis. Still, Grades One to Three are replaced with Categories A to C. Northern Ireland uses a relative ranking but uses a system that assigns listed status in order of importance from A, B+, B1 to B2.

Can I Mortgage a Listed Building with Bad Credit?

Listed buildings are a high-risk prospect for a lender, and if you also have adverse credit issues, it may make it very difficult to find a mortgage.

Many bad credit mortgages will consider a mortgage after pretty much any credit scenario, from late payments and defaults through to bankruptcies. However, a lot depends on when the credit issues occurred, how serious they were, and whether your finances are now back in good order.

What Permissions Do I Need to Carry Out Work on a Listed Building?

Any work on a listed building needs planning permission, even if it is a minor repair. Works without consent can even be prosecuted, so it is essential to seek approval before doing any repairs.

Maintenance costs can be high, which adds to the risk factor from a mortgage perspective.

The affordability assessment will determine whether you can afford to keep up with the maintenance requirements, including factors such as managing thatched roofs.

What are the Survey Requirements for a Listed Building Purchase?

The valuation report will be necessary for your mortgage prospects, but it is also worth doing your own research. If you can find a surveyor with expertise in historic buildings, they may produce a more accurate report, which is more relevant to the property in question.

You can also review any works carried out by the existing owners to ensure they were properly approved.

Professional Advice with Listed Building Mortgages

Whatever the grade or nature of the listed property you wish to buy, it is essential to seek independent advice from an experienced broker. Revolution Brokers will help you assess which lenders are best suited to offer you the mortgage you need, as well as work through the valuation process to ensure the paperwork is all on order.

Give us a call on 0330 304 3040, or email the team at [email protected] to arrange a good time to talk.

Almas Uddin
Almas Uddin

Founder and Mortgage Advisor

twitter  linkedin  

Further Reading

Applying for a Mortgage With a New Job
Are There Mortgages for Uninhabitable Property Purchases?
Can I Get a Mortgage While on Maternity Leave from Work?
Can I Mortgage a Contaminated Land Investment?
Can I Mortgage a Listed Grade Two Property?
How Can a Broker Improve My Mortgage Eligibility Assessment?
How Does a Public Footpath Impact My Mortgage Chances?
How Many Mortgage Products Can I Have Simultaneously?
What Deposit Sources are Acceptable in the UK?
What Happens If I Want to Mortgage a Property with a Japanese Knotweed Infestation?
What Sort of Homeowner Loan Am I Eligible For?

Explore Explore Our Presence Our Presence

Explore Explore Our Presence Our Presence

Securing an excellent mortgage offer with Revolution Finance
Brokers couldn't be easier:

cityam
dailyexpress
dailymail
standard
FT Advisor
LBC
The Guardian
Independent
Metro
Mortgage Introducer
Sky News
The Sunday Times
Yahoo
This is Money
Mirror
LBC
The Sunday Times
Revolution Mortgage Brokers:100% 100%
Independent & Whole-of-Market

As specialist mortgage brokers for a huge variety of applicants, the whole-of-market consultants at Revolution provide access to an exceptional range of lenders, products and mortgage deals. That means you get the advantage of professional negotiation and broker-exclusives through an established lending network to ensure we always find you the most competitive mortgage available.

Refer, Relax

andget £50get £50
We are proud
members of the:
NACFB
Refer, Relax

FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature.

We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

Ask the Expert
Mortgage Brokers

Revolution Brokers
What can we help you with today?
Do you have a particular timescale in mind?
Next
Which situation from the below list best matches your requirements? *
Could you tell us the market value of the property?*
Please let us know a rough idea of your yearly income (before tax) for all applicants? *
Back
Next
Primary applicant name *
Contact email address *
Best contact number *
Back
Next
Get Started Call 0330 304 3040 Mon - Fri: 9am - 6pm
Find out more about us