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Is borrowing more right for you?

It's exciting, planning a new kitchen or bathroom. Dreaming about how a home extension might look, or what you'd do if you could afford that extra bit of land. But taking on additional borrowing over and above your existing mortgage isn't something to rush into. You need to be sure you can still meet your monthly repayments so you don't risk losing your home.

Find out what you can use your additional borrowing for and other ways to borrow from us that might be better suited to your needs.

To borrow more, you need to make sure that ...

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  • You've had your mortgage with us for at least 6 months
  • You're not behind with your monthly repayments
  • You have no more than two people on your current mortgage
  • You’re not on a payment holiday
  • Your property isn't being let out

What you can use the money for

How much we can lend you depends on how you plan on spending the money. It can be used for a variety of purposes, but it mustn't be used as a way to raise money for a business or to buy land or property for letting out.

You could borrow up to 85% of your home's value for...

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  • Making home improvements (minimum loan: £5,000)
  • Buying into a shared ownership scheme (minimum loan: £10,000)
  • Buying a freehold title (minimum loan: £10,000)
  • Buying land joined to your property (minimum loan: £10,000)

You could borrow up to 80% of your home's value for...

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  • Buying separate land - except for letting (minimum loan: £10,000)
  • Buying out partners or joint borrowers (minimum loan: £10,000)
  • Repaying unsecured debts (minimum loan: £10,000)

If you're looking to pay off your Help to Buy equity loan in full, you can borrow up to 90% of the value of your home.

Other ways to borrow more

Unsecured borrowing

This is when you borrow money that's not secured on your home. It includes: Credit Cards, Personal loans and Overdrafts.

Use our handy guide to borrowing to see which option may be right for you.

Borrow back

You may be able to release money from your home if you've been making overpayments and have a mortgage that includes borrow back.

Find out more about borrowing back from your overpayment reserve.

Find a new mortgage rate

Take a look at our borrowing more rates to compare what we can offer you.