Housing Mortgage
Helping you buy accommodation for ministry purposes.
- Residential house or flat.
- Occupied by church or Christian charity workers.
- Property purchase and/or development.
Churches & Charities Purchasing Property
If your church or charity is looking to purchase a home for staff members, or for other ministry use, our Residential Property Mortgage could help.
Independent Church Property Trusts
We are aware that some churches like to structure the ownership of their housing such that the property is owned by an independent charitable trust and leased to the church. We have designed a specific Housing Mortgage for these Independent Church Property Trusts (ICPTs), with an option to make interest-only payments for periods of time in certain specific circumstances.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Commercial mortgages are not currently regulated by the Financial Conduct Authority, and therefore do not have the same protections as regulated personal mortgages. Please contact us for more details if required.
Customer Story
The church family of Christ Church Newtown, a Church of England parish, set up a charitable trust, independent of their PCC, to purchase a house where their new youth minister could live. The house was rented to the PCC at an amount slightly below market rent. Despite the charitable trust being newly formed, and the rent being only a little in excess of the mortgage and building insurance costs, Kingdom Bank’s ICPT Housing Mortgage structure made it possible for the house to be purchased.
*Story based on the experiences of real customers. Names and places have been anonymised.
HAF: Finding and Funding Homes for Church Workers
Housing Affordability Finance (HAF) is a Christian organisation established to help churches finance the purchase of a residential property for a church worker. In some cases where a church’s affordability is not sufficient for the size of mortgage needed, HAF is able to provide a loan to bridge the gap. They can also help with finding a property that will meet the needs of the church and ministry worker, as well as with structuring the purchase process.
At Kingdom Bank, we’re often able to partner with HAF in providing the mortgage required. Visit HAF’s website to find out more about whether a HAF loan could be appropriate for your church or charity.
Interest rates
We work closely with churches and charities to understand their circumstances, enabling us to offer the best rates we can.
Please do get in touch to discuss your situation and find out whether we could provide your organisation with a mortgage.
Get in touch
Complete the form below to find out whether Kingdom Bank could provide you with a mortgage. One of our friendly Christian mortgage team will be in touch to discuss your plans.
You can also call us on 0115 921 7280 to discuss your enquiry.
Your property may be repossessed if you do not keep up repayments on your mortgage.
