Welcome to our Additional Borrowing mortgage products

Additional Borrowing

If you're an existing residential or buy to let borrower, you may be able to increase your mortgage borrowing to help pay for additional costs such as renovations or extensions.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH YOUR MORTGAGE REPAYMENTS. IF YOU HAVE A BUY TO LET MORTGAGE AND YOU FAIL TO KEEP UP WITH THE PAYMENTS ON YOUR MORTGAGE A 'RECEIVER OF RENT' MAY BE APPOINTED AND/OR YOUR RENTAL PROPERTY MAY BE REPOSSESSED.

Need to borrow more on your mortgage?

There might come a time when you need to increase your borrowing against your property. Whether you're looking to make improvements to your home or you need the capital for other purposes, additional borrowing may be available, with no application or completion fees to pay, if you are an existing mortgage customer.

We understand that everyone's needs are different and you will require an additional sum that is specific to you. For this reason we assess all applications for additional borrowing on an individual basis. Additional borrowing is available on both residential and Buy to Let mortgages subject to our lending policy. Below are our options for additional borrowing:

Initial rate payable 3.64% Fixed until 28/02/2020
Changing to 4.94%
our current BMVR a variable rate for the remainder of the term
The overall cost for comparison is 4.9% APRC
Early Repayment Charges 2% until 28 February 2019,
then
1% until 28 February 2020
Max LTV 75%
Mortgage fees Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: An interest only mortgage of £25,000 payable over 19 years 5 months initially on a fixed rate until 28/02/2020 at 3.64% and then on our variable BMVR rate currently 4.94% for the remaining term would require 24 monthly payments of £75.85 and 209 monthly payments of £102.94. The total amount payable would be £48,349.84 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
Initial rate payable 2.99% Fixed until 28/02/2020
Changing to 4.74%
our current RMVR a variable rate for the remainder of the term
The overall cost for comparison is 4.5% APRC
Early Repayment Charges 2% until 28 February 2019,
then
1% until 28 February 2020
Max LTV 75%
Mortgage fees Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £25,000 payable over 19 years 5 months initially on a rate fixed until 28/02/2020 at 2.99% and then our RMVR variable rate currently 4.74% for the remaining term would require 24 monthly payments of £141.44 and 208 monthly payments of £161.90 followed by a final payment of £129.09. The total amount payable would be £37,198.85 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
Initial rate payable 3.49% Fixed until 28/02/2020
Changing to 4.74%
our current RMVR a variable rate for the remainder of the term
The overall cost for comparison is 4.6% APRC
Early Repayment Charges 2% until 28 February 2019,
then
1% until 28 February 2020
Max LTV 90%
Mortgage fees Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £35,000 payable over 22 years 8 months initially on a rate fixed until 28/02/2020 at 3.49% and then our RMVR variable rate currently 4.74% for the remaining term would require 24 monthly payments of £186.19 and 247 monthly payments of £208.06 followed by a final payment of £142.60. The total amount payable would be £56,001.98 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
Initial rate payable 3.09% Fixed until 28/02/2021
Changing to 4.74%
our current RMVR a variable rate for the remainder of the term
The overall cost for comparison is 4.3% APRC
Early Repayment Charges 3% until 28 February 2019,
then
2% until 29 February 2020,
then
1% until 28 February 2021
Max LTV 75%
Mortgage fees Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £25,000 payable over 19 years 5 months initially on a rate fixed until 31/08/2020 at 3.09% and then our RMVR variable rate currently 4.74% for the remaining term would require 36 monthly payments of £142.61 and 196 monthly payments of £160.95 followed by a final payment of £130.02. The total amount payable would be £36,816.18 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
Initial rate payable 3.94% Fixed until 28/02/2021
Changing to 4.94%
our current BMVR, a variable rate, for the remainder of the term
The overall cost for comparison is 4.8% APRC
Early Repayment Charges 3% until 28 February 2019,
then
2% until 29 February 2020,
then
1% until 28 February 2021
Max LTV 75%
Mortgage fees Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: An interest only mortgage of £25,000 payable over 19 years 5 months initially on a fixed rate until 28/02/2021 at 3.94% and then on our variable BMVR rate currently 4.94% for the remaining term would require 36 monthly payments of £82.10 and 197 monthly payments of £102.94. The total amount payable would be £48,249.67 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
Initial rate payable 3.61% Fixed until 28/02/2021
Changing to 4.74%
our current RMVR a variable rate for the remainder of the term
The overall cost for comparison is 4.5% APRC
Early Repayment Charges 3% until 28 February 2019,
then
2% until 29 February 2020,
then
1% until 28 February 2021
Max LTV 90%
Mortgage fees Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £35,000 payable over 22 years 8 months initially on a rate fixed until 31/08/2020 at 3.61% and then our RMVR variable rate currently 4.74% for the remaining term would require 36 monthly payments of £188.36 and 235 monthly payments of £207.34 followed by a final payment of £151.47. The total amount payable would be £55,663.33 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
Initial rate payable 4.44%Variable (BoEBR + 3.94%) for 3 years from completion. The pay rate will not go below a floor of 1.00%.
Changing to 4.94%
our current BMVR a variable rate for the remainder of the term
The overall cost for comparison is 5.00% APRC
Early Repayment Charges None
Max LTV 75%
Mortgage fees Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £25,000 payable over 19 years 5 months on our variable tracker rate for 3 years at 3.94% above BoEBR and then on our current BMVR variable rate of 4.94%(variable) would require 36 monthly payments of £92.52 and 197 monthly payments of £102.94. The total amount payable would be £48,611.54 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
Initial rate payable 4.24%Variable (BoEBR + 3.74%) for 3 years from completion. The pay rate will not go below a floor of 1.00%.
Changing to 4.74%
our current RMVR a variable rate for the remainder of the term
The overall cost for comparison is 4.70% APRC
Early Repayment Charges None
Max LTV 90%
Mortgage fees Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £35,000 payable over 22 years 8 months on our variable tracker rate for 3 years at 3.74% above BoEBR and then on our current RMVR variable rate of 4.74%(variable) would require 36 monthly payments of £200.25 and 235 monthly payments of £208.80 followed by a final payment of £138.24. The total amount payable would be £56,415.24 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
Initial rate payable 3.59% Fixed until 28/02/2023
Changing to 4.74%
our current RMVR a variable rate for the remainder of the term
The overall cost for comparison is 4.3% APRC
Early Repayment Charges 5% until 28 February 2019,
then
5% until 29 February 2020,
then
4% until 28 February 2021,
then
3% until 28 February 2022,
then
2% until 28 February 2023
Max LTV 75%
Mortgage fees Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £25,000 payable over 19 years 5 months initially on a rate fixed until 31/08/2020 at 3.59% and then our RMVR variable rate currently 4.74% for the remaining term would require 60 monthly payments of £148.99 and 172 monthly payments of £160.46 followed by a final payment of £135.02. The total amount payable would be £36,673.54 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
Initial rate payable 4.39% Fixed until 28/02/2023
Changing to 4.94%
our current BMVR a variable rate for the remainder of the term
The overall cost for comparison is 4.9% APRC
Early Repayment Charges 5% until 28 February 2019,
then
5% until 29 February 2020,
then
4% until 28 February 2021,
then
3% until 28 February 2022,
then
2% until 28 February 2023
Max LTV 75%
Mortgage fees Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: An interest only mortgage of £25,000 payable over 19 years 5 months initially on a fixed rate until 28/02/2023 at 4.39% and then on our variable BMVR rate currently 4.94% for the remaining term would require 60 monthly payments of £91.48 and 173 monthly payments of £102.94. The total amount payable would be £48,312.62 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
Initial rate payable 3.99% Fixed until 28/02/2023
Changing to 4.74%
our current RMVR a variable rate for the remainder of the term
The overall cost for comparison is 4.5% APRC
Early Repayment Charges 5% until 28 February 2019,
then
5% until 29 February 2020,
then
4% until 28 February 2021,
then
3% until 28 February 2022,
then
2% until 28 February 2023
Max LTV 90%
Mortgage fees Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £35,000 payable over 22 years 8 months initially on a rate fixed until 28/02/2023 at 3.99% and then our RMVR variable rate currently 4.74% for the remaining term would require 60 monthly payments of £195.49 and 211 monthly payments of £207.07 followed by a final payment of £161.49. The total amount payable would be £55,582.66 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
Product name Initial rate payable Changing to The overall cost for comparison is Early Repayment Charges Max LTV Mortgage fees  
2 Year Fixed Rate Buy to Let Mortgage for Additional Borrowing 3.64% Fixed until 28/02/2020 4.94%
our current BMVR a variable rate for the remainder of the term
4.9% APRC 2% until 28 February 2019,
then
1% until 28 February 2020
75% Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: An interest only mortgage of £25,000 payable over 19 years 5 months initially on a fixed rate until 28/02/2020 at 3.64% and then on our variable BMVR rate currently 4.94% for the remaining term would require 24 monthly payments of £75.85 and 209 monthly payments of £102.94. The total amount payable would be £48,349.84 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
2 Year Fixed Rate Mortgage for Additional Borrowing 2.99% Fixed until 28/02/2020 4.74%
our current RMVR a variable rate for the remainder of the term
4.5% APRC 2% until 28 February 2019,
then
1% until 28 February 2020
75% Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £25,000 payable over 19 years 5 months initially on a rate fixed until 28/02/2020 at 2.99% and then our RMVR variable rate currently 4.74% for the remaining term would require 24 monthly payments of £141.44 and 208 monthly payments of £161.90 followed by a final payment of £129.09. The total amount payable would be £37,198.85 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
2 Year Fixed Rate Mortgage for Additional Borrowing 3.49% Fixed until 28/02/2020 4.74%
our current RMVR a variable rate for the remainder of the term
4.6% APRC 2% until 28 February 2019,
then
1% until 28 February 2020
90% Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £35,000 payable over 22 years 8 months initially on a rate fixed until 28/02/2020 at 3.49% and then our RMVR variable rate currently 4.74% for the remaining term would require 24 monthly payments of £186.19 and 247 monthly payments of £208.06 followed by a final payment of £142.60. The total amount payable would be £56,001.98 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
3 Year Fixed Rate Mortgage for Additional Borrowing 3.09% Fixed until 28/02/2021 4.74%
our current RMVR a variable rate for the remainder of the term
4.3% APRC 3% until 28 February 2019,
then
2% until 29 February 2020,
then
1% until 28 February 2021
75% Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £25,000 payable over 19 years 5 months initially on a rate fixed until 31/08/2020 at 3.09% and then our RMVR variable rate currently 4.74% for the remaining term would require 36 monthly payments of £142.61 and 196 monthly payments of £160.95 followed by a final payment of £130.02. The total amount payable would be £36,816.18 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
3 Year Fixed Rate Buy to Let Mortgage for Additional Borrowing 3.94% Fixed until 28/02/2021 4.94%
our current BMVR, a variable rate, for the remainder of the term
4.8% APRC 3% until 28 February 2019,
then
2% until 29 February 2020,
then
1% until 28 February 2021
75% Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: An interest only mortgage of £25,000 payable over 19 years 5 months initially on a fixed rate until 28/02/2021 at 3.94% and then on our variable BMVR rate currently 4.94% for the remaining term would require 36 monthly payments of £82.10 and 197 monthly payments of £102.94. The total amount payable would be £48,249.67 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
3 Year Fixed Rate Mortgage for Additional Borrowing 3.61% Fixed until 28/02/2021 4.74%
our current RMVR a variable rate for the remainder of the term
4.5% APRC 3% until 28 February 2019,
then
2% until 29 February 2020,
then
1% until 28 February 2021
90% Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £35,000 payable over 22 years 8 months initially on a rate fixed until 31/08/2020 at 3.61% and then our RMVR variable rate currently 4.74% for the remaining term would require 36 monthly payments of £188.36 and 235 monthly payments of £207.34 followed by a final payment of £151.47. The total amount payable would be £55,663.33 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
3 Year Buy To Let Base Rate Tracker 4.44%Variable (BoEBR + 3.94%) for 3 years from completion. The pay rate will not go below a floor of 1.00%. 4.94%
our current BMVR a variable rate for the remainder of the term
5.00% APRC None 75% Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £25,000 payable over 19 years 5 months on our variable tracker rate for 3 years at 3.94% above BoEBR and then on our current BMVR variable rate of 4.94%(variable) would require 36 monthly payments of £92.52 and 197 monthly payments of £102.94. The total amount payable would be £48,611.54 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
3 Year Base Rate Tracker 4.24%Variable (BoEBR + 3.74%) for 3 years from completion. The pay rate will not go below a floor of 1.00%. 4.74%
our current RMVR a variable rate for the remainder of the term
4.70% APRC None 90% Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £35,000 payable over 22 years 8 months on our variable tracker rate for 3 years at 3.74% above BoEBR and then on our current RMVR variable rate of 4.74%(variable) would require 36 monthly payments of £200.25 and 235 monthly payments of £208.80 followed by a final payment of £138.24. The total amount payable would be £56,415.24 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
5 Year Fixed Rate Mortgage for Additional Borrowing 3.59% Fixed until 28/02/2023 4.74%
our current RMVR a variable rate for the remainder of the term
4.3% APRC 5% until 28 February 2019,
then
5% until 29 February 2020,
then
4% until 28 February 2021,
then
3% until 28 February 2022,
then
2% until 28 February 2023
75% Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £25,000 payable over 19 years 5 months initially on a rate fixed until 31/08/2020 at 3.59% and then our RMVR variable rate currently 4.74% for the remaining term would require 60 monthly payments of £148.99 and 172 monthly payments of £160.46 followed by a final payment of £135.02. The total amount payable would be £36,673.54 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
5 Year Fixed Rate Buy to Let Mortgage for Additional Borrowing 4.39% Fixed until 28/02/2023 4.94%
our current BMVR a variable rate for the remainder of the term
4.9% APRC 5% until 28 February 2019,
then
5% until 29 February 2020,
then
4% until 28 February 2021,
then
3% until 28 February 2022,
then
2% until 28 February 2023
75% Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: An interest only mortgage of £25,000 payable over 19 years 5 months initially on a fixed rate until 28/02/2023 at 4.39% and then on our variable BMVR rate currently 4.94% for the remaining term would require 60 monthly payments of £91.48 and 173 monthly payments of £102.94. The total amount payable would be £48,312.62 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.
5 Year Fixed Rate Mortgage for Additional Borrowing 3.99% Fixed until 28/02/2023 4.74%
our current RMVR a variable rate for the remainder of the term
4.5% APRC 5% until 28 February 2019,
then
5% until 29 February 2020,
then
4% until 28 February 2021,
then
3% until 28 February 2022,
then
2% until 28 February 2023
90% Application:£0
Completion:£0
Find out more
The APRC is calculated based on the following: A repayment mortgage of £35,000 payable over 22 years 8 months initially on a rate fixed until 28/02/2023 at 3.99% and then our RMVR variable rate currently 4.74% for the remaining term would require 60 monthly payments of £195.49 and 211 monthly payments of £207.07 followed by a final payment of £161.49. The total amount payable would be £55,582.66 made up of the loan amount plus interest, CHAPS fee of £6. The interest rates quoted include a 0.25% Direct Debit discount.

Once the fixed, discount or tracker period of the mortgage ends it will change to the Residential Mortgage Variable Rate (RMVR) or if you have a Buy to Let Mortgage, the Buy to Let Variable Rate (BMVR), which is a different interest rate to the Society's Residential Standard Variable Rate (RSVR), although both are set by the Society. For further details see our Skipton Variable Rates page.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH YOUR MORTGAGE REPAYMENTS. IF YOU HAVE A BUY TO LET MORTGAGE AND YOU FAIL TO KEEP UP WITH THE PAYMENTS ON YOUR MORTGAGE A 'RECEIVER OF RENT' MAY BE APPOINTED AND/OR YOUR RENTAL PROPERTY MAY BE REPOSSESSED.
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