• Additional borrowing

    Looking to make some home improvements or to make that special purchase? If you have had a mortgage with us for more than 6 months you could apply to borrow more on your existing mortgage.

    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

    You can apply

    • If it's been at least six months since you took out your mortgage
    • If your existing mortgage and further borrowing amount added together totals no more than 85% of the value of your home
    • If the amount you'd like to borrow is more than £10,000
    • For borrowing on an interest only basis if your existing mortgage and further borrowing totals no more than 75% of your home's value

    Will there be any charges?

    We'll make no charge for the valuation, however there may be a product fee to pay, depending on the mortgage you choose. Depending on your reason for additional borrowing, there may be legal fees to pay.

    At the end of your additional borrowing deal, your interest rate will automatically change to the Homeowner Variable Rate, or Buy to Let Variable Rate.

    We will provide advice on whether additional borrowing is suitable for you. We'll take a look at your circumstances and let you know whether additional borrowing is suitable for you. For additional borrowing on a Buy to Let, this will be conducted on a ‘non advice’ basis.

    If any of your existing mortgage is on an interest only basis you will need to provide us with evidence of your repayment plan(s), even if your additional borrowing is to be managed on a repayment basis. We will make an assessment of whether the repayment plan(s) meets our requirements. This includes checking to see whether it is likely to repay the amount you borrow on an interest-only basis.

    Please note: Repayment plans cannot be accepted if they include the name of anyone not named on the mortgage. 

    Next steps

    Choose a deal from our additional borrowing range

    If your existing mortgage is on an interest only basis, or you're considering interest-only options, see our guide to What are my options when repaying my mortgage?

    If you'd like to switch your existing mortgage to a new deal and borrow more at the same time, choose a deal from our switching range, then a deal from our range for existing customers borrowing more.

    Our switching deals for 2 Year Fixed Rate Mortgages
    Our switching deals for 5 Year Fixed Rate Mortgages

    Must be aged 18+ and a UK Resident.

  • How to apply

    Apply at a branchFind out what to take along

    Subject to status and lending criteria

    Call us 8am-8pm Monday to Friday
    9am-2pm Saturday

    Ask us to call you
  • Fixed rate deals

    2 year fixed rate additional borrowing

    5 year fixed rate additional borrowing

  • YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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