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If you are an existing mortgage customer you may be able to borrow more money against your property. The additional money could be used to make repairs or improvements to your home or even for a special purchase.

Important things you need to know:

  • There are no product or arrangement fees.
  • You can borrow up to 90% of your home's value including your existing mortgage.
  • If you have an interest only mortgage, additional borrowing can only be taken out on a capital and interest basis unless the loan to value (LTV) of all the borrowing is less than 60% (or 75% for part & part mortgages).
  • Your additional borrowing will be secured against your home.
  • A revaluation may be required.

If you would like to speak to one of our advisors about borrowing more simply call us.

During your appointment you will be asked a number of questions to help us understand your circumstances and assess affordability and based on the information you provide, our qualified advisor will recommend the best product we have available for you.

The mortgaged property (which may be your home) may be repossessed if you do not keep up repayments on your mortgage

2 Year Fixed Rate Mortgages - No Fee

Initial rate fixed up to and inc. 31/12/23Then changing to the Society's SVR less a discount of 1.25%, up to and inc. 31/12/2026, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)†Max LTVProduct Fee
3.14% 4.04%5.29%4.8%75%£0
Max loan amount £1,000,000
4.19% 4.04%5.29%5.0%85%£0
Max loan amount £500,000
4.99% 4.04%5.29%5.2%90%£0
Max loan amount £400,000

3 Year Fixed Rate Mortgages - No Fee

Initial rate fixed up to and inc. 31/12/24Then changing to the Society's SVR less a discount of 1.25%, up to and inc. 31/12/2026, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)†Max LTVProduct Fee
3.14% 4.04%5.29%4.6%75%£0
Max loan amount £1,000,000
RATES CORRECT AS AT 07 September 2021

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £25,000.00 payable over 25 years initially on a fixed rate for 2 years at 4.99% and then a 1.25% discount on our current Standard Variable Rate of 5.29% giving a rate of 4.04% for 3 years and then on our current Standard Variable Rate of 5.29% for the remaining 20 years would require 24 monthly payments of £145.85, 36 monthly payments of £133.21 and 240 monthly payments of £148.08.

The total amount payable would be £44,066.21 made up of the loan amount plus interest of £18,836.21 and application fee £0, product fee £0, valuation fee £230, funds transfer fee £35.

The overall cost for comparisons is 5.2% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Additional Features

  • Max loans for loans up to 75% is £1,000,000.
  • Max loans for loans up to 85% is £500,000.
  • Max loans for loans up to 90% is £400,000.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • For fixed rates up to and including 31 December 2023 tapered Early Repayment Charges apply up to and including 31 December 2023.
  • For fixed rates up to and including 31 December 2024 tapered Early Repayment Charges apply up to and including 31 December 2024.
  • Free standard valuation up to £999.

† The actual rate available will depend on your circumstances. Ask for a personalised illustration.

Offset Variable Rate Mortgage

The Society's SVR applies for the term of the mortgage (currently)Overall cost for comparison (APRC)†Max LTVProduct Fee
5.29%5.4%90%£0
Max loan amount £400,000
RATES CORRECT AS AT 15 may 2020

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £100,000 payable over 25 years on our Standard Variable Rate for the mortgage term of 25 years at our current rate of 5.29% (variable) would require 300 monthly payments of £600.99.

The total amount payable would be £180,333.42 made up of the loan amount plus interest of £80,298.42 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 5.4% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Additional Features

  • Unlimited capital repayments are allowed.
  • No Higher Lending Charge.
  • No Early Repayment Charges apply.
  • Free standard valuation up to £999.
  • Interest is calculated daily.

† The actual rate available will depend on your circumstances. Ask for a personalised illustration.

Variable Rate Mortgage

The Society's SVR applies for the term of the mortgage (currently)Overall cost for comparison (APRC)†Max LTVProduct Fee
5.29%5.5%90%£0
Max loan amount £400,000
RATES CORRECT AS AT 11 february 2021

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £31,000.00 payable over 25 years on our Standard Variable Rate for the mortgage term of 25 years at our current rate of 5.29% (variable) would require 300 monthly payments of £188.66.

The total amount payable would be £56,598.00 made up of the loan amount plus interest of £25,597.23 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 5.5% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Additional Features

  • Unlimited capital repayments are allowed.
  • Maximum loan £400,000.
  • Interest calculated daily.
  • Free standard valuation up to £999.
  • No Early Repayment Charges apply.

    • † The actual rate available will depend on your circumstances. Ask for a personalised illustration.

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