Borrowing more on your mortgage
You can easily find out how much you could borrow by getting in touch with our dedicated advisors on 01325 741035.
You must think carefully before taking additional borrowing and we aim to help with this by answering some of your key questions below.
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 get in touch and discuss the possibilities?
The advantages of additional borrowing are:
- You can borrow for many things, including home improvements, or to consolidate debt.
- 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 £215. If a re-valuation of the property is required you will also have to pay a further charge of £70.
We may ask you to show us estimates or costing’s for the proposed works
There may also be fees applicable to the product you select.
Start the process?
Want to know more about extra borrowing?
Give us a call and you will be provided with a dedicated mortgage advisor who will give discuss how much you can borrow and provide you with an estimate of what your monthly payments might be. Our mortgage advice is free and we consider your individual circumstances.
Your application is considered by a person, not a computer, so you can be sure that your needs will be listened to and understood at all times.
Talk to us on 01325 741035.