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Owner Occupier mortgages for additional borrowingSee all of our current Owner Occupier mortgage products available for additional borrowing.
The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
All of these Owner Occupier mortgage products have limited funds available and may be withdrawn at any time. Our mortgages are available to applicants aged 18 and over for properties in England or Wales.
This information should be read in conjunction with the following documents: 'Additional Information about our Mortgages' and 'Getting a Mortgage: what you need to know' guide, which provide important information about our mortgage services.
Key things to bear in mind
· Discount - 1.40% applied to our Managed Mortgage Rate for 3 years
· Minimum rate - 2.89%
· Loan to Value - Maximum 75%.
- Application fee - £125 for further advance. £0 for product switches
- Legal fees - £100 minimum for further advances.
- Valuation fees - £0
- Product fee - £0
· Early Repayment Charges - 3% in the first year, 2% in the second year, 1% in the third year
· Maximum loan - No maximum.
· Minimum loan - £2,000 for further advance. No minimum for product switches
The total amount payable would be £65,864.78 made up of the loan amount plus interest of £15,639.78, an Application Fee of £125 which includes the Valuation Fee, and Legal Fees of £100.
The overall cost for comparison is 4.0% APRC representative.