Additional Borrowing |
Additional borrowing can be arranged for borrowers who have an existing Funds are available for a wide range of purposes, including:
The money can be borrowed over the same term of years as the existing mortgage or over a different term if preferred. Key features of this mortgage |
mortgage with the Society.| Minimum loan: | £1,000 |
| Maximum loan: | £1.8 million in total |
| Max Loan to Value: | 75% of the property value |
| Current variable rate: | 6.19% * |
| Overall cost for comparison: | 6.70% APR * |
| Leasehold: | Above rate plus 0.15% |
| Portable: | Yes |
| Ages: | Min 18 - no maximum |
| Income capacity: | Based on affordability |
| Repayment methods: | Repayment, interest-only, part & part |
| Administration fee: | £55.00 |
| Legal fees: | £157.50 |
| Early repayment charge: | None |
* The actual rate payable will depend upon the individual circumstances, please ask for a personalised illustration. If you wish to discuss your client's requirements, either telephone our Mortgage Department on 01582 765411 or if you prefer complete our Enquiry Form. Building insurance cover is required and can be arranged by the Society. |
The Society is authorised and regulated by the
Financial Services Authority