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Borrow more on your mortgage

Thinking about a home improvement, consolidating debt, or even a trip of a lifetime? Borrowing on your mortgage could be the answer.

Additional borrowing allows you to borrow a lump sum of money against your property, known as a secured loan. You can borrow up to 90% of your home's value to get the funds you need.

Why borrow more on your mortgage?

  • Lower monthly repayments by paying it back over a longer period
  • Borrow beyond the limits of a loan to fund bigger purchases
  • Pay off existing debt quicker with the flexibility to make unlimited overpayments on your additional borrowing, as well as your mortgage
Mortgage type Minimum borrowing Term
Offset £1000 2-25 years
Capital repayment £5000 2-40 years

Before you apply

If you’re a Capital Repayment customer or would like to borrow more than the amount available in your Offset mortgage account, we’ll need to check your current income and outgoings, as well as your property and credit score. It should only take a couple of weeks from applying for your additional borrowing AIP to getting your money.

All borrowing is subject to your application status, lending criteria, valuation, and for some, to obtaining independent legal advice. Applying to borrow more money on your mortgage will have new terms related to the additional borrowing. 

Lowering your monthly payments may mean paying more in interest over the full term of your loan.

You can make unlimited overpayments to your mortgage whenever you like – but you might have to pay an Early Repayment Charge if you repay your whole mortgage during the fixed rate period.

How to apply

Capital Repayment Customers

Apply for your Additional Borrowing Agreement in Principle today. Give our mortgage team a call on:

0800 470 8034

Offset Mortgage Customers

Log on to our App or Online Banking, from here you can see your available funds and simply redraw them from your mortgage into your selected account.

If would like to borrow more than the amount available in your offset mortgage account, or would prefer to speak to us, give our mortgage team a call on:

0800 470 8037

Lines are open Mon to Sat 8am to 8pm and Sun 9am to 8pm.