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Need to borrow more?

Whether you're looking to borrow more on your existing mortgage for home improvements or a special purchase, we've a range of products available for you.

When applying for additional borrowing, keep in mind:

  • £10,000 is the minimum amount you can borrow. If you need to borrow less, there are other borrowing options available
  • Borrow up to 85% of the value of your property, including your existing mortgage and additional borrowing – 75% if you have an interest-only mortgage
  • You must have had your current Lloyds mortgage for more than 6 months
  • Your payments must be up-to-date before you apply
  • Our mortgage adviser can recommend a loan that suits your needs and circumstances, and explain how it may change your monthly payments
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Mortgage calculator

Use our mortgage calculator to get an idea about how much your additional borrowing monthly payments could be.

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Can I apply?

Got your mortgage account number to hand? Check online now if you’re eligible to apply for additional borrowing – it takes less than a minute.

This tool is not for Buy to Let customers.

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Getting started

Take the first step now. Get an online Agreement in Principle and find out how much you could borrow. You’ll then need to speak with one of our advisers before making a full application.

How to apply

It’s easy to apply – online, in branch or by phone


1 - Check if you’re eligible to apply for additional borrowing

You’ll need the following:

Your mortgage account number – you can find this on your latest mortgage statement or you can sign in to Online Banking to view your mortgage details. If you’re not registered for Online Banking yet, it’s easy and only takes about 5 minutes. Find out how to register.

Check I can apply


2 - See how much you could borrow

If you’re eligible to apply, the first step is to get an Agreement in Principle (AIP). It will let you know how much you could borrow before speaking with a mortgage adviser.

Here are the steps to borrowing more

  • Find out if you’re eligible to apply
  • Get an Agreement in Principle – a lending promise from us to you
  • Speak with one of our mortgage advisers

Get started now

  1. How much could I borrow?

    The minimum amount of additional borrowing that we will consider is £10,000. If you want to borrow less than this then you might want to look at other borrowing options.

    The maximum amount you can borrow in total, with your existing mortgage and additional borrowing, is 85% of the value of your property on a repayment basis or 75% on an interest-only basis. If any part of your loan is to be on interest-only – including any of your existing loan - you must have a repayment plan in place and you will need to provide suitable documentary evidence.

    We will check whether your repayment plan(s) is acceptable to us, based on our current policy. If not, we will discuss other arrangements with you which may include transferring some or all of your existing loan to a repayment mortgage.

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  2. Am I eligible to borrow more?

    Find out if you're eligible to apply to borrow more by using our online checker.

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  3. What can I spend the additional borrowing on?

    You can use any additional borrowing for a whole range of purposes, such as making home improvements or another important purchase. Although do think carefully before securing additional borrowing against your home as it will increase your overall mortgage debt.

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  4. How long can I take to repay my additional borrowing?

    Our mortgage advisers will ask you about your needs and circumstances and then recommend the most suitable term for your additional borrowing. It can be the same as your mortgage term or different. On a repayment mortgage the longer you take to repay, the lower your monthly repayments will be but the more interest you will be charged.

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  5. What are the risks I should be aware of?

    Additional borrowing is secured against your home, so it is important that you keep up your repayments. If you don't keep up your repayments there is the risk that your home could be repossessed.

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  6. What mortgage deals are available?

    Our current mortgage deals are based on how much you want to borrow and your overall mortgage balance, including your existing mortgage and any additional borrowing, in relation to how much your property is worth. This is known as your loan to value (LTV) and it is expressed as a percentage figure.
    If you check all our current deals there will only be certain deals which fit your additional borrowing amount and your loan to value band.
    When you apply for additional borrowing, our mortgage advisers will ask you about your needs and circumstances and then recommend our most suitable loan.

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  7. How do I find my loan to value percentage?

    If you apply for additional borrowing, we will tell you what your loan to value percentage is. This is based on your overall mortgage balance, including your existing mortgage and any additional borrowing, and your property value as determined by us.

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  8. Will I be charged any fees?

    There is no arrangement fee to set up your additional borrowing but depending on the mortgage deal, there may be a product fee to pay. You will need to check our current deals for full details.

    Any product fees can usually be added on to your additional borrowing on completion but you will be charged interest on the fees.

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  9. Can I change my deal or mortgage terms?

    If you are looking to switch to a new deal at the same time as borrowing more, or you want to make a change to the term or repayment type of your existing mortgage, you will have to contact us to discuss your needs and circumstances with a qualified mortgage adviser.

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  • Check online if you could apply for additional borrowing.
  • If you're planning improvements or repairs to your property, make sure you get professional estimates first. Find out when you'll need to pay for any work, because you may not be able to get your loan before the work is complete.
  • We’ll already have most of your personal details but we’ll need to check these are up to date. Your mortgage adviser will ask about your needs and circumstances and then recommend our most suitable loan for you.
  • Getting an Agreement in Principle (AIP) is the first step to borrowing more. It’s a personalised lending promise from us to you and explains how much you could borrow before making a full application with one of our advisers.
  • The maximum amount you can borrow in total, with your existing mortgage and additional borrowing, is 85% of your property on a repayment basis or 75% on an interest-only basis.
  • We may need you to appoint a conveyancer to act for you and for us, for example if you want a loan to buy out a partner, you’ll have to pay the cost of this.
  • We’ll check whether the last valuation we did for your property is still ok for us. If not we’ll arrange to revalue your property. You’ll have to pay for the cost of the revaluation unless we agree to do so.
  • If any part of your loan is to be on interest-only – including any of your existing loan – then we’ll check whether your repayment plan(s) is acceptable to us, based on our current policy. If not, we’ll discuss other arrangements with you which may include transferring some or all of your existing loan to a repayment mortgage.
  • Sometimes we’ll require you to transfer the whole of your mortgage to our latest mortgage conditions. If we do, you’ll be given a copy of the new mortgage conditions.
  • You’ll be given a declaration to sign and an illustration, which sets out the terms of the mortgage product and the total cost of the loan. Please take time to read these and make sure you’re happy with them before we agree to the transfer.
  • When you’ve signed and returned the declaration, we’ll make you a formal offer.

If we need to revalue your property, we will appoint a valuation surveyor and arrange for the valuation.

The surveyor will call you to make an appointment to visit your property.

We will:

  • make enquiries about you at a credit reference agency.
  • check your employment and income details and write for any other references we may need.
  • check the valuation report to make sure the property’s value seems to be worth enough to lend you the amount you want to borrow.

When all this is done and if everything else is in order, we will write to offer you the additional borrowing.

Take time to read your offer letter because it is really important.

Tell us when you want us to release the money to you.

We will pay the money into the account where your monthly payments come from.

If you are using a conveyancer, we will send the money direct to them.

We will write to let you know when we have released the money and what your new monthly payments will be.

Your first monthly payment may be higher than your later ones. This is because we will collect the interest we charge on the new loan between the day we release the money and the end of the month.

We start charging you interest on the loan from the day we release it, so we suggest you don't ask for the money until you need it.

Important legal information

Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 119278. Telephone calls may be monitored or recorded.