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 85% of the value of your home. 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.

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?

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Speak to a member of our mortgage team

Frequently Asked Questions

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.

You can find more information about the mortgage application process here.

The amount you could borrow depends on your circumstances, the size of your existing mortgage and can be from £10,000 up to 85% of the value of your home.

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

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.

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.

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're proud to have been named Best National Building Society in the 2020 What Mortgage Awards for the 7th year running, following four month's of consumer voting.

Why choose Skipton?
Best National Building Society
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