How it works
You can arrange a loan alongside your main mortgage on a variable rate of interest. There won’t be any changes to your current mortgage deal.
Our current residential additional borrowing loan rate is our Standard Variable Rate (SVR) less 2.5%.
Our Buy To Let (BTL) additional borrowing loan rate is our Buy To Let Variable Rate (BTL VR) less 2.5%.
Additional borrowing can be taken on a repayment or interest only basis. Additional policy restrictions may apply.
Representative example
A mortgage of £40,000 payable over 13 years on a variable rate of 5.74% for 13 years, would require 156 monthly payments of £362.72, plus one initial interest payment of £194.46.
The total amount payable would be £56,778.78 made up of the loan amount plus interest (£16,778.78).
The overall cost for comparison is 5.9% APRC representative.
How to apply?
Before you take any additional borrowing, we ask you to speak to one of our mortgage advisers, who will look at your current circumstances and discuss the product options with you.
Fancy a chat?
For a helping hand or some friendly mortgage advice, here's how to get in touch
Start your application
0345 600 6622
We're here Monday to Friday from 9am to 5pm, and Saturday from 9am to 1pm.
Call charges and informationNumber | Cost |
---|---|
03 numbers | Same as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way. |
084 numbers | Maximum of 7p per minute, plus your phone company's access charge. |
087 numbers | Maximum of 13p per minute, plus your phone company's access charge. |
0800 numbers | Free from UK landlines and personal mobile phones. |