You can apply to borrow more, on the same rate, when you choose a new mortgage deal. Both applications can be done at the same time. Make an appointment with one of our mortgage professionals who can help you further.
Where there is a consent to let on the property, borrowing is restricted to home improvements, raising equity to buy another property or buying out an existing holder/partner.
The following conditions apply:
- Applications for additional borrowing are subject to the loan to value and must meet our current lending requirements, which include being resident in the UK.
- Minimum amount is £10,000. (A personal loan could be an option if you need less).
- Minimum term 3 years - maximum term 35 years (maximum age 70).
- Additional borrowing is available on a capital and interest repayment basis. You may be able to borrow more on an interest only basis, subject to criteria.