Are you eligible for additional borrowing or to move your mortgage to a new home?

You need to be

The property needs to be

The mortgage needs to be

Loan-to-Value

To apply, all applicants need to be:

18 or over.
75 or younger when your mortgage ends.
A permanent UK citizen, or have lived in the UK for at least 3 years with an indefinite right to remain in the UK, settled or pre-settled status.
Defaults where the total value is no more than £500, with none registered in the last 12 months or County Court Judgments (CCJs) in excess of £100 in total in the last 6 years.
Free from having entered into an Individual Voluntary Agreement (IVA) or Scottish Trust Deed or been declared bankrupt in the last 6 years.
Free from having been repossessed or entered into voluntary repossession.
A customer with a permanent income and steady expenditure to keep meeting your mortgage repayments.

The property needs to be:

Habitable, in a saleable condition, structurally sound and insurable as well.
Of standard construction complying with our property guidelines.
In England, Wales or Scotland. Not in the Isle of Man or Channel Islands.
Not currently affected by progressive structural movement or contaminated land.

The mortgage needs to be:

For at least £5,000, which is the minimum loan amount for additional borrowing.

The maximum loan amount is normally £2,000,000. However, larger loan amounts may be subject to certain loan to value restrictions.

Loan to Value

LTV (Loan-to-value) shows the ratio of the mortgage amount to the value of the property, as a percentage.

For residential purchase mortgages we can consider lending up to 95% subject to criteria. This may be reduced if there is any of the following:

Interest-only lending
New build house, flat or maisonette
Property is a flat or maisonette

Residential mortgage holders can borrow up to 85% of the value of your home for home improvements and capital raising, subject to our lending criteria. A revaluation may be required.

Further lending is only available up to 90% LTV where customers are purchasing an additional legal interest, i.e. buying out their partner.

All applications are subject to our lending criteria, credit score and affordability checks.