Additional Borrowing Frequently Asked Questions
-
Is additional borrowing right for me?
Once you speak to our mortgage team they can find out if you would be eligible for additional borrowing but if you can say ‘yes’ to the following then it’s worth getting in touch:
- You understand that this will increase the amount borrowed on your home
- You can afford additional repayments
- You want to borrow a lump sum
- Your current mortgage payments are up to date
To find out more information, get in touch with our team here.
-
How much additional borrowing can I get?
This depends on your financial circumstances, how much you’re looking to borrow, what’s remaining on your existing mortgage and the value of your property. Our minimum additional borrowing mortgage starts at £5,000 and can increase dependent on your individual circumstances.
-
Can I pay the additional borrowing off early?
This is dependent on the individual product you are recommended but our products usually offer 5% overpayments.