If you already have a mortgage with us and are thinking of borrowing more money to do home improvements — or, you need a large sum for a big purchase — you could borrow more, subject to an assessment of your personal circumstances and eligibility.
Please note, any additional borrowing is secured on your home. It’s also worth keeping in mind that you can only borrow up to 85% of your property's value.
Here are some borrowing options that may be available to you:
If your current mortgage deal is coming to an end, you could switch your mortgage onto a new rate and borrow additional money. Again, the total amount you can borrow can’t be any higher than 85% of your property’s value.
You need to think carefully before securing further borrowing against the value of your property, as you may end up paying more interest in the long run.
If you’d like to get advice from our friendly mortgage advisers and book an advised mortgage appointment to discuss your borrowing options, call us on 08000 288 288. Lines are open Monday to Friday 9am to 5pm (call charges).
As part of our commitment to supporting our customers in becoming more sustainable and energy efficient, we have launched two Green Additional Borrowing products for existing mortgage customers.
As part of eligibility criteria, you’ll need to create an Energy Saving Home Improvement Plan using our free tool powered by Energy Saving Trust (EST).
The Co-operative Bank reserves the right to change or withdraw any of its mortgage deals at any time. All loans are subject to status and valuation.
If you want to check on the progress of your mortgage application, call us on 08000 288 288. Lines are open 9am to 5pm Monday to Friday (call charges).
These important documents lay out our responsibilities to you and the terms and conditions of our products and services.
Your home may be repossessed if you do not keep up with repayments on your mortgage.
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