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Borrowing more money

There's more than one way

An affordable way to borrow £5,000 or more

You may be able to borrow more with an Additional Loan. The borrowing is secured against your home in the same way as your mortgage.

With no booking fees or Early Repayment Charges on some Additional Loans, it's an easy way to find the money for the things you need and you will need to pay it back on a Repayment basis. It doesn't need to be the same term as your mortgage. You could choose a term between 5 and 35 years.

To apply for an Additional Loan, your existing mortgage and the amount you want to borrow needs to be less than 85% of your home's value.

See what it could cost
If your mortgage is with Santander find out what rates are available here.

To apply for an Additional Loan you must:

  • have never been declared bankrupt or been subject to an Individual Voluntary Arrangement (IVA)

  • want to borrow less than 85% of your home's value, including your existing mortgage

  • want to borrow more than £5000

  • want to borrow the money for longer than 5 years.

Apply in branch or by phone

To make an appointment visit your branch or call us on 0800 092 3881. Lines are open 9am to 7pm Monday to Friday and 9am to 2pm Saturdays.

What to expect at your appointment

One of our Mortgage Advisers will ask you important questions about your needs, circumstances and your finances to complete a full assessment of your income and outgoings. This enables us to confirm how much we can lend you and confirm that it's affordable.

We have other borrowing options, such as overdrafts, credit cards and personal loans. Learn more about our borrowing options

Borrow against your mortgage
With a Flexible Offset mortgage, you already have an agreed limit for borrowing additional money at the same rate as your mortgage. If you have available funds you can use these. However, if you use money from your available funds you normally need to do so, on a Repayment basis.

If the limit that was agreed when you took out your mortgage isn’t enough you can ask for a Credit Limit Review to borrow up to a maximum of 75% of the value of your home (charges will apply).
You can do this by calling us on 0800 092 3881. Lines are open 9am to 7pm Monday to Friday and 9am to 2pm Saturdays. 

What to expect when you call
One of our Mortgage Advisers will ask you important questions about your needs, circumstances and your finances to complete a full assessment of your income and outgoings. This enables us to confirm how much we can lend you and confirm that it’s affordable.

When you change your deal you could borrow more at the same time

You may be able to borrow all the money you need at the same rate by taking out a new mortgage deal and borrowing more at the same time when you have 4 months or less until the end of your current mortgage deal or are paying our Standard Variable Rate.

Apply by phone
To make an appointment call us on 0800 092 3881. Lines are open 9am to 7pm Monday to Friday and 9am to 2pm Saturdays.

Please have your latest mortgage statement to hand.

What to expect when you call
One of our expert Mortgage Advisers will ask you a number of questions to establish your individual needs, circumstances, preferences and priorities; they will then be able to recommend the most suitable deal for you.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

 

All applications are subject to status and our lending criteria. This means that the amount we will lend you will depend on your individual circumstances, the type of property and the amount you borrow. For example, we may require a higher deposit if you are buying a flat or a new build property.

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Frequently asked questions

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