Historically options for balcony access and deck access mortgages were limited to a handful of Mortgage Lenders. The good news is more and more Mortgage Lenders are entering the sector as they try and differentiate themselves from traditional lending by lending on Balcony Access and Deck Access flats.
Here are some of the property areas we can help arrange mortgages on with our panel of Mortgage Lender partners:
- Balcony access and deck access flats.
- High rise flats, blocks of up to 20 storeys (potentially higher by referral).
- Ex local authority flats.
- Flats above businesses and shops.
- Concrete construction.
- Flat roofs.
- Residential and buy to let.
- Minimum property value £40,000.
- Inner city.
- Right to Buys.
- Range of fixed rate options 2, 3, 5 and 10 years.
- First charge mortgage and second charge secured loans.
Example Product 1 – Mortgages on properties with Balcony Access and Deck Access (Residential)
[ezcol_1quarter]Initial Rate: 1.94%[/ezcol_1quarter] [ezcol_1quarter]Subsequent: 4.24%[/ezcol_1quarter] [ezcol_1half_end]The overall cost for comparison 3.40% APRC[/ezcol_1half_end]
The total amount you must pay back, including the amount borrowed is £292,321.84
Features: Balcony and deck access flats considered. Free basic valuation and legal service.
| Type and initial benefit period | Fixed until 31/12/2023 |
| Minimum deposit / equity: | 35% |
| Valuation fee | £430 |
| Booking fee | £0 |
| Lender arrangement | £995 |
| Telegraphic transfer / CHAPS fee | £30 |
| Legal fee | £0 |
| Early repayment charge | 5/4/3/2/1% of the amount repaid in the fixed period |
Make an enquiry Online
For more information on a Mortgages on properties with Balcony Access and Deck Access please call complete the enquiry form on this page or call the number below.
Any property used as security, which may include your home. may be repossessed if you do not keep up repayments on your mortgage
Important Information
Residential and Buy to Let Mortgages
Rates current as at 22/9/18 . The overall cost for comparison is based on an open market value of £300,000 over a 25 year term. Right-to-Buy examples are based on a discounted purchase price of £200,000. Repayment for Residential and Interest only for Buy-to-let (unless otherwise specified). Eligibility will depend on your own personal circumstances.
KEY – ERC = Main early repayment charge.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
The information contained herein is based on research through the Trigold (IRESS UK) sourcing system. When first published to this site the data is normally 24 hours behind real time, and may or may not still be available.
A first charge over your property is required as security for the loan.
The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.
