Borrow more without a new mortgage deal
Take out a flexible loan beside your mortgage
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.
Charges
| Payment details | Notes | Charge |
|---|---|---|
| Funds Transfer Fee (CHAPS) | If you want, your funds can be sent to your nominated bank account (via CHAPS) and be available on the same day your loan completes. The charge for this is £25, which you need to pay before the funds are transferred. | £25 |
Representative example
A mortgage of £40,000 payable over 13 years on a variable rate of 6.24% for 13 years, would require 156 monthly payments of £373.02, plus one initial interest payment of £211.98.
The total amount payable would be £58,403.10 made up of the loan amount plus interest (£18,403.10).
The overall cost for comparison is 6.4% 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.
Get started
To find out more please call us to discuss your options
Call us on
0345 602 8301
Opening times
We're here from 8am - 6pm Monday to Friday and 9am - 1pm on Saturday.
Call charges and information| Number | 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. |