Additional Borrowing

Fixed and variable rates available

No fees payable upfront for application

Are you looking to borrow additional funds on your mortgage for home improvements, a new car or a special purchase?

If you already have a mortgage with us and you and your property are eligible for further borrowing, then one of our advisers could help.

You may be able to borrow from £10,000, often up to 90% of the value of your home. Apart from products that offer cashback, additional borrowing is available on any of our remortgage products. It's worth considering if other forms of borrowing are more suitable for you as any money we lend through additional borrowing will be secured against your property and your overall mortgage balance will increase.

Product range update

Last updated: Monday 1 June

Please note: Interest Only mortgages are now only available from our new Interest Only range.

If you are buying a property in Scotland, in addition to our standard range, we also have a range of Scotland only mortgages available.

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

Video appointment service

Skipton Link is our video appointment service which gives you the opportunity to have a face to face appointment without having to leave your home.

Video appointment service

Need help?

View our products

Choose from our remortgage range

Remortgage products

Call us

Speak to a member of our mortgage team

0345 607 9825

Frequently Asked Questions

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Is borrowing money on your mortgage right for you?

It could be if you meet our lending criteria and can say ‘yes’ to the following:

  • you understand that this will increase the secured borrowing on your home
  • you can afford the additional repayments
  • you want to borrow a lump sum
  • your current mortgage payments are up to date.
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How does the mortgage application process work?

You can find more information about the mortgage application process here.
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How much more can I borrow on my mortgage?

The amount you could borrow depends on your circumstances, the size of your existing mortgage and can be from £10,000 up to 90% of the value of your home.

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What can I borrow the money for?

Other than raising money for business purposes, we can lend you money for a variety of reasons, such as improving your home or buying a car.

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Is the borrowing tied into my property?

Yes – the borrowing will be secured on your property. As part of our responsible lending policy, we will only lend additional funds where you can meet our affordability requirements and there is sufficient equity in your home.

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What repayment periods are available?

Choose to repay the additional loan over any period up to the existing term on your current mortgage, depending on the repayment amount that suits your budget and circumstances.

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Can I pay off lump sums?

Yes – however, there might be an early repayment charge depending on your product if you pay off more than 10% of the original balance in a year.

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

Best National Building Society

We were named Best National Building Society in the 2018 What Mortgage Awards, following a four month consumer voting campaign.

View our awards
Best National Building Society

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Site intended for UK residents only. Skipton Building Society is a member of the Building Societies Association. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under registration number 153706, for accepting deposits, advising on and arranging mortgages and providing Restricted financial advice. Principal Office, The Bailey, Skipton, North Yorkshire, BD23 1DN.

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