Additional borrowing

We’ve been supporting our members with their homes since 1860, so we understand the things that are important when taking out additional funds on your mortgage.

Exclusive rates available to you as an existing customer

As you already have a mortgage with us, you’ll have access to our exclusive additional borrowing rates if you’re borrowing against the same property.

Borrow based on your home’s value

If you’re planning on carrying out home improvements you can borrow this against your home, the amount you can borrow depends on your property value. If you’re consolidating debts there is a maximum term of 10 years for debt consolidation. The minimum amount for additional borrowing is £5,000 and this can be increased dependent on your individual circumstances.

Flexible repayments

You may pay a different rate of interest on the amount you’re looking to raise as additional borrowing and have the flexibility to choose a repayment term to suit your circumstances if you need to, with no fees payable.

Paying your additional borrowing off early

If you’re looking to make overpayments on your mortgage to pay it off early, our products usually offer 5% overpayments but this is dependent on the individual product you are recommended, so please make sure you speak to our advisers first to check your product is eligible.

Advice and support

Our mortgage team can take you through the process and provide no obligation advice to find out if additional borrowing is right for you. As part of this process we’ll speak to you about your income and spending commitments, value of your property and check your affordability.