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/EU citizen, or have lived in the UK for at least 2 years with an indefinite right to remain in the UK.
  • Free from any defaults 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.

Loan to Value

LTV (Loan-to-value) shows the ratio of the mortgage amount to the value of the property, as a percentage. It can go up to 90% of the purchase price and/or value of the property, unless:

  • The property is classified as a new build (one that has been built or converted within the last 24 months or that has been built longer than this but never occupied since construction/conversion). In this case, we can only offer up to 75% LTV for flats/maisonettes and up to 85% LTV for houses/bungalows.
  • You are looking to borrow additional funds, for example for home improvements, in which case we can only lend up to 85% LTV.

Additional criteria apply for loans above 85% LTV.

The following additional criteria applies for loans above 85% LTV:

  • Minimum of 6 months in current job for main applicant, or have 2 years accounts for self employed applicants.
  • Minimum household income of £20k per annum.
  • Minimum property value £75k and maximum property value £350k.
  • The property should be of standard construction, habitable, structurally sound and the valuer must not see any resale issues.

Fees can only be added to the loan up to the maximum of 90% LTV (with the fee included).

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

On the phone

Call us on 08000 288 288 .

Our opening hours are 9am - 5pm Monday to Friday

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Your home may be repossessed if you do not keep up with repayments on your mortgage

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Important information

These important documents lay out our responsibilities to you and the terms and conditions of our products and services.

Mortgages legal information

PDF documents

Tariff of charges (PDF)

General information for regulated mortgages (PDF)

How we use your personal information (PDF)

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.

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