Borrow more
Open the door to extra cash from your home
Take out a loan alongside your current mortgage product
This is a loan at a different rate to your current mortgage product and has a variable rate of interest. This might be the best option if your mortgage is still within an introductory product period.
Securing a loan with your mortgageTransfer your existing mortgage and any additional borrowing to a new mortgage deal
This is where you switch your existing mortgage to a new product and borrow any extra you need at the same time, on the same interest rate.
A new mortgage deal with additional borrowingResidential only
This service is not available for BTL.
For BTL applications, you'll need to contact us directly on 0345 600 6622. We can arrange additional borrowing separately before you complete your switch.
Think carefully before securing other debts against your home. Don’t risk losing your home – keep up those mortgage repayments
How much can I borrow and for how long?
- The minimum you can borrow is £3,000.
- The maximum depends on how much equity you have. If you have a residential mortgage you may be able to apply to borrow up to 85% of the property value (existing mortgage plus additional borrowing). The maximum you can borrow is £2 million.
- Buy-to-let customers can borrow a total (mortgage plus additional borrowing) of up to 80% of the property value, up to £1 million.
- You can choose to pay back any additional borrowing over 5 to 40 years. That said, the repayment term of any extra borrowing can’t be longer than the term left on the original mortgage.
- For residential mortgages, the maximum age at the end of the mortgage term is 75 years and 364 days.
- For buy to let mortgages the maximum age at the end of the mortgage term is 85 years and 364 days. If personal income is being used the maximum age is 75 years and 364 days at the end of term.
- If you own a property under the shared ownership scheme, you can borrow more to purchase a greater share of your home. This is known as ‘staircasing’ and will require consent from your housing association.
- Lending is subject to affordability, income confirmation, status, and a satisfactory valuation of the property. Policy restrictions and terms and conditions apply.