Additional Borrowing
Can I borrow more on my mortgage?
If you already have a mortgage with us and are looking to borrow more than £5,000 we could help. Providing you are eligible for further borrowing then our mortgage advisor team could help you plan forward to support any plans you may have for home developments or debt consolidation.
Here’s how we can help:
- Exclusive rates available to reward you as an existing customer
As you already have a mortgage with us, we’ll give you access to our exclusive additional borrowing rates if you’re borrowing against the same property - Borrow up to 85% of your home’s value
If you’re planning on doing home improvements we can lend up to 85% of your property’s value which includes your current mortgage value plus the additional amount you’d like to borrow. However, if you’re consolidating debts this reduces to 80% of your property value (maximum 10 years debt consolidation). - Flexible repayments
You may pay a different rate of interest on the amount you’re looking to raise as additional borrowing and have the flexibility to choose a repayment term to suit your circumstances if you need to, with no fees payable. - Advice and support
Our mortgage team can take you through the process and provide no obligation advice to find out if additional borrowing is right for you. As part of this process we’ll speak to you about your income and spending commitments, value of your property and check your affordability.
How do I apply for additional borrowing?
Get in touch with our mortgage team to find out more or arrange a telephone appointment at a time convenient for you
01282 440500*
*Calls are recorded and will be monitored. Our telephone lines are open from Monday to Friday 9-4:45pm and Saturday from 9:00am- 12noon.
Use our mortgage calculator to find out how much you want to borrow affects your mortgage payments.
Visit our Mortgage FAQs for more information on how additional borrowing with the Marsden works.
Get in touch with the Marsden to discuss your additional borrowing needs and to find the product that’s right for you.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE