Additional Borrowing |
Funds are available for a wide range of purposes, including:
The money can be borrowed over the same term of years as your existing mortgage or over a different term if preferred. Key features of this mortgage |
Additional borrowing can be arranged for borrowers who have an existing 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 * |
| 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 your individual circumstances, please ask for a personalised illustration. This mortgage will be regulated by the Financial Services Authority (FSA). Follow this link for information regarding Mortgage Regulation. If you wish to discuss your requirements, either telephone our Mortgage Department on 01582 765411 or if you prefer complete our on-line Enquiry Form. Building insurance cover is required and can be arranged by the Society. Your home may be repossessed if you do not keep up repayments on your mortgage |
The Society is authorised and regulated by the
Financial Services Authority