additional borrowing

If you already have a mortgage with us and you are thinking about improving or extending your home then additional borrowing could help you.

Contact your local branch for more information!

Click here for our application form
 

What is additional borrowing? 

Additional borrowing is a further loan on your original mortgage, which you can use to do many things. These include improvements to your home or even buying a holiday home. Why not contact us and ask about the possibilities?

The advantages of additional borrowing are:

  • Interest can be charged at one of our current competitive mortgage product rates.
  • You can borrow for many things, including home improvements, or additions.
  • You can usually borrow up to 80% of the value of your home.
  • You can set a method of repayment to suit you.
  • You can pay the loan over the remaining term of your mortgage, or sometimes extend the term.

Are there any fees to pay?

If you ask us to carry out the legal work, the fee is £125. If a re-valuation of the property is required you will also have to pay a further charge of £80. We may ask you to show us estimates or costings for the proposed works. 

How can I find out more?
Contact your local branch or phone us on 01325 366366 for an on the spot decision in principle.