How much could I borrow?
The minimum amount of additional borrowing that we will consider is ÂŁ10,000. 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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