The Best Mortgage Products for Apartments

An independent guide to finding an excellent mortgage product for an apartment in a freehold or mixed-use property.

About your mortgage

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

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

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


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.


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


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.

This calculator is an estimation of how much you could borrow. If you’re ready to take out a mortgage, speak to a Revolution brokers to see what options are available.

The Best Mortgage Products for Apartments

Flats or apartments are a very common type of home and are most popular in cities and towns. From luxurious penthouses to studio flats and starter homes, you may have found it challenging to mortgage a flat due to your chosen bank's lending policies.

Here we'll summarise the different mortgage products available, and what sort of considerations a lender will have when assessing an application.

For expert help from an independent broker, contact Revolution on 0330 304 3040, or email the team at

Do I Need a Different Type of Mortgage for a Flat?

Not usually - any property that is a part of a larger building is generally considered an apartment.

The terms on the market for flats are not dissimilar to those for standalone houses, although it's important to clarify what sort of apartment you wish to buy, as this will dictate the ease with which you can secure a mortgage.

Some examples include:

  • Studio apartment mortgages - properties where the living space and sleeping spaces are combined. Studios can be one of the most problematic types of flat to mortgage, even though they are affordable and often an ideal starter home. That is because many lenders have a minimum square footage requirement that a studio is more likely to fall outside of.
  • One-bed apartment mortgages - these homes are usually bigger than studios and have a separate bedroom. One-bed flats are usually still affordable, although slightly more expensive than studio apartments.
  • Mortgages for multi-bedroom apartments. That could include a maisonette or duplex with more than one floor, flats with mezzanine levels, or an apartment with two or more bedrooms.
  • Ex-local authority flats - those previously owned by the council or housing authority. Many ex-council flats are larger than those built for private owners and can range from studios to large family apartments. In many cases, ex-council flats are built within older buildings, and may therefore be considered 'non-standard'.
  • Mortgages for high-rise apartment blocks. This includes anything above seven storeys, from ex-council residential blocks to contemporary developments. High rises are also a non-standard property type, so it is essential to choose the right lender who will approve your application.
  • Multi-lets or apartment buildings. Mortgages of this type can be more specialist and are usually designed for apartment buildings purchased by investors as a rental asset.
  • Serviced apartments are a different property for the purposes of a mortgage, and are usually used as an alternative to Airbnbs or other short-term rental options. Mortgages for serviced flats are often available through niche lenders, who lend against other properties such as holiday lets.
  • Mortgages for London apartments - while property prices in the capital are notoriously high, there are often more flexible mortgage terms available. For example, if you qualify for a support scheme as a first-time buyer, the limits are usually higher for London properties.

Are There Mortgages for Buy to Let Apartments?

There certainly are; you can buy an apartment as a rental investment in the same way as any other residential property.

Lenders will need to assess your affordability and ensure that the anticipated rental income will comfortably cover the interest-only mortgage repayments.

Is it Easier to Mortgage a Freehold or a Leasehold Flat?

Leasehold is a more common type of purchase since a flat is usually owned as separate property. The neighbouring apartment owns their own space with the common areas maintained by the freehold owner in return for maintenance fees.

Having one freeholder for an apartment block is less risky from a lender perspective since it avoids splitting the liability or responsibility for upkeep.

Mortgage rates will depend on the lease period - a leasehold with over 90 years to run is an easier prospect than one with 60 years or less.

Are There Commercial Mortgages to Invest in a Flat?

Another option to invest in a rental property as a business is to consider a commercial mortgage. This type of loan usually requires a decent deposit, and you will need to show that there is plenty of rental demand to make the investment viable.

In some cases, you might need to provide guarantees or other security.

Commercial mortgages can be used to purchase complete apartment blocks, although a mortgage of this size would usually require a specialist lender.

Interest rates are usually higher than for a residential apartment mortgage and will be tailored to your application rather than fitting in with a standard rates table.

Can I Use a Commercial Mortgage Calculator to See What I Can Borrow on an Apartment Mortgage?

You can use mortgage calculators to get a rough idea about how much you could borrow, and how much the repayments would be. However, such calculators are generic and only meant to be indicative.

If you are interested in comparing the most competitive mortgage rates on commercial lending for an apartment purchase, give the business finance broker team a call.

Professional Support with UK Apartment Mortgages

For more information about the best mortgage products, rates and terms, and lenders on the market for any of these types of apartment, contact the team on 0330 304 3040, or email us at

As an independent, whole-of-market broker, we'll work with you to find the ideal lender who can offer the mortgage you need, and negotiate the terms on your behalf.

Why Revolution Brokers?
  • Whole of market brokers

  • Mortgage that suits you

  • On time customer support

Latest Blogs

26 Jan 2022
How Does a Remortgage Application Work?

Most homeowners know that remortgaging means switching a mortgage from an existing lender over to a new deal. However, the process isn't always obvious. If you're on a fixed-rate deal, you'll want to get ahead of the end of the term to avoid being shuffled onto a higher standard variable rate where your interest costs will undoubtedly ..

17 Dec 2021
Understanding Lender Risk on First-Time Buyer Mortgages

Finding a great mortgage as a first time buyer can feel like an uphill struggle, with a larger proportion of applicants being turned down than a year ago. Around 20% of first-time mortgage applicants are rejected, usually because of the lender risk associated with their loan. Today, Revolution Brokers explains the highest risk facto..

28 Oct 2021
Pros and Cons of First Time Buyer Buy to Let Mortgages

Investing in a rental property can be an excellent way to get onto the property ladder and earn an income. However, if you haven't owned a residence before, you might find that a mainstream bank will automatically turn you down for a buy to let mortgage. In today's guide, the Revolution Brokers team explains how you can become a ren..

12 Oct 2021
Mortgage Deposit Requirements for First-Time Buyers

Buying a home for the first time is a massive step - but the deposit is often a stumbling block for first-time buyers. It can take years to save a sufficient amount or be impossible, so there are several ways to approach the problem and get your foot onto the property ladder. From April 2021, the UK government launched the new mortg..

24 Jun 2021
Why Property Auction Finance is Booming!

There is little doubt that UK buyer confidence is at an all-time high. We've recapped previously in our blogs how property market growth and prices have soared over the last few months! As we head into summer, one key area of mortgage finance seems to be expanding rapidly: property auction finance. In this article, the Revolution..

25 May 2021
Property Development vs Buy to Let Investments

Here at Revolution Brokers, we work with thousands of property investors every year. That might be to: Remortgage a portfolio of rental properties. Secure development finance for a new project. Finance a standalone property purchase or multiple acquisitions. Streamline portfolio mortgages for multiple investments. We ofte..


Refer, Relax and get £50

If you refer a friend for a mortgage or any
type of finance you’ll both receive £25
each when their new application
successfully completes.

Know More!

We are proud
members of the:

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 Mortgage Experts

Revolution Brokers understands that mortgages can be complex and confusing!

Ask us any question you might have, and one of our skilled consultants will come back to you as quickly as possible.