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FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

Additional borrowing

Additional Borrowing applications must be for a minimum of £10,000 and will only be accepted at least six months from the applicants 1st monthly
mortgage payment. There is no timescale limit on subsequent Additional Borrowing.

Additional Borrowing is not acceptable for the following:

  • Loan amounts less than £10,000
  • LTV over 80% (75% on 2nd Home & BTL)*
  • Mortgages open less than 6 months from start date
  • Commercial Loans (i.e. commercial property)
  • Purchase of timeshare
  • Additional Borrowing requiring a conveyancer
  • Mortgage Accounts subject to a scheme (Right to Buy, Shared Equity & Ownership)

We do not lend for the following purposes (at any LTV):

  • Timeshares
  • Business capital raising (Including Limited Company Buy To Lets).
  • Speculative purposes (includes stocks and shares, currency speculation and cryptocurrency).

From 19 December 2022, Additional Borrowing declarations can be signed and submitted digitally using our Adobe Sign process. This can be found in Guides and Forms.

Where an applicant wants to consolidate their secured and unsecured debts, please refer to Debt Consolidation for more information.

Applicants who are on Temporary Interest Only (TIO) are unable to apply for any Additional Borrowing on their existing TSB mortgage. If an applicant wishes to take out Additional Borrowing, they will have to either cancel their TIO, or wait until their TIO period has finished, and have made a normal mortgage payment on a repayment basis.

*85% LTV is available on residential applications via Direct only.