Additional borrowing works by increasing the amount of your existing mortgage. There are many reasons why a further advance on your mortgage could be a great option:

• Making home improvements
• Becoming more environmentally friendly
• Helping your children with their home deposit
• Purchasing a new car
• Improving your home’s energy performance (EPC) rating
• Paying off other credit or loans up to £30,000*
• Buying land joined to your property for personal use*
• Acquiring shares in a shared ownership scheme (staircasing)*
• Purchasing an investment property or holiday home*

 

Unfortunately, we would be unable to accept applications for the following reasons:

• Capital raising for business purposes
• Payment of a tax bill
• Purchase of speculative investments i.e. shares
• Payment of gambling debts

*Please note that restrictions may apply and each application is considered on an individual basis. If you would like to learn more, our team will be able to advise based on your specific circumstances. Call us on 0800 781 4311.

Yes. If you’re looking to borrow to make your home or buy-to-let property more environmentally-friendly - as well as other reasons, you could be eligible for our Green Further Advance product range.

Whether driven by energy prices or the urgency of climate change, increasing numbers of homeowners and landlords are seeking out green mortgage products to finance or reward home energy efficiency measures.

For many, the benefits of green home improvements are twofold; they bring down energy costs in the home and help upgrade a property’s energy performance (EPC) rating.

Our Green Further Advance products work in a similar way by increasing the amount of your existing mortgage - with 50% of the loan being used for green home improvements specifically. The rest can be used for more general renovations or even buying a new car or consolidating debt.

Our Green Further Advance products also benefit from lower interest rates.

They could be a good option if you’re considering implementing the following:

• Solar panels
• Traditional, cavity wall, loft or solid floor insulation
• Heat pumps
• Double/triple glazing
• Electric car charge point
• Electric storage batteries
• Hot water tanks
• Thermostatic radiator valves
• New boiler
• Utilities upgrades

Whether driven by energy prices or the urgency of climate change, increasing numbers of homeowners and landlords are seeking out green mortgage products to finance energy efficiency measures.

For many, the benefits are twofold; the bring down energy costs in the home and they help upgrade a property’s energy performance (EPC) rating.

Loans range from £5,000 to £40,000 and are available to both homeowners and landlords.