Legal Details

Additional Borrowing for existing homeowners - Important Legal Information

Early Repayment Charges

Customers whose mortgage is subject to an early repayment charge when a capital repayment is made are allowed to make capital repayments of up to 10% of their outstanding balance as at 1 January each year, or the completion balance for loans completing during the year, without incurring a charge. Any repayments in excess of 10% will attract the early repayment charge on the amount of the excess as set out in the offer conditions.

Certain Additional Loan products carry a charge known as an early repayment charge. Click here for full details of all early repayment charges.

Availability

• The minimum additional loan amount is £5,000. Where existing customers are not moving home, special offers can only be applied to the additional loan.
• All offers are subject to availability, may be withdrawn at any time and are subject to our normal lending policy.
• Additional Loans are available up to £550,000 or 85% LTV depending on circumstances.

General Conditions

- Tax legislation may change. The value of tax relief depends on your personal circumstances.

- Mortgages and Additional Loans require a charge on your property and are subject to status and valuation and are not available to persons under 18 years of age.

- We require the property to be insured.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.