If you already have a mortgage with the Marsden and are looking to borrow additional funds we could help
Providing you already have a mortgage with us and are eligible for additional borrowing, our team of mortgage advisers could help support you with any plans you may have for borrowing more with the Marsden.
Am I eligible to borrow more on my mortgage?
You could be eligible if:
- You already have a mortgage with the Marsden
- You want to borrow at least £5,000 more on your mortgage
- 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
If you’re considering additional borrowing, it’s important to make sure that you have checked your options as any money we lend to you through additional borrowing is secured against your property and your mortgage balance will increase.
If you’d like more information about additional borrowing, you can request a call back at the bottom of this page.
How the Marsden can help:
We’ve been supporting our members with their homes since 1860, so we understand the things that are important when taking out additional funds on your mortgage.
Exclusive rates available to you as an existing customer
As you already have a mortgage with us, you’ll have access to our exclusive additional borrowing rates if you’re borrowing against the same property.
Borrow based on your home’s value
If you’re planning on carrying out home improvements you can borrow this against your home, the amount you can borrow depends on your property value. If you’re consolidating debts there is a maximum term of 10 years for debt consolidation. The minimum amount for additional borrowing is £5,000 and this can be increased dependent on your individual circumstances.
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.
Paying your additional borrowing off early
If you’re looking to make overpayments on your mortgage to pay it off early, our products usually offer 5% overpayments but this is dependent on the individual product you are recommended, so please make sure you speak to our advisers first to check your product is eligible.
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.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE