Guide to additional borrowing on mortgages | Mortgages | YBS
Borrowing more
Get some extra money to do the things you want to do
Your home may be repossessed if you do not keep up repayments on your mortgage.
Borrow more on your YBS mortgage
If you’re thinking of building an extension, making energy related improvements or have some urgent repairs to deal with then we’re here to help.
At YBS it's possible to take out additional borrowing on a mortgage - so if you’re looking for ways to raise funds for your next project, talk to us today.
At YBS it's possible to take out additional borrowing on a mortgage - so if you’re looking for ways to raise funds for your next project, talk to us today.
Why borrow more on your mortgage?
Fixed, tracker or offset deals
Choose from special existing customer deals including fixed, tracker or offset deals.
Early repayment charges and other fees and charges may apply.
Early repayment charges and other fees and charges may apply.
Spread your repayments
Pay back your additional loan over a term that suits you - minimum 5 years, maximum 40 years
Borrow just what you need
Get up to 85% of the value of your home.
Energy related improvements
If you’re borrowing more for energy related improvements, at least half of the loan must be used on:
- Loft Insulation (no foam spray)
- Solid wall Insulation
- Cavity wall insulation
- Double or triple glazing to replace single glazing
- uPVC external doors
- Solar panels
- A heat pump (ground or air).
Who can borrow more?
Anyone with a YBS mortgage can apply to borrow more. We then assess your application in the same we assess a mortgage application. There are just a few extra conditions:
If you’re borrowing more to pay for home improvements you might need to show planning approval for the work and estimates of the cost.
You need to have had your existing mortgage for a minimum of six months.
You need to have made all your repayments on time. And you must not have any arrears.
You can only borrow up to 85% of the value of your property.
You'll need to borrow at least £3000.
How to borrow more
Use our calculator
Get an estimate of how much extra you could borrow in 2 minutes.
You'll need your mortgage account number. If it's not to hand, just jump to
Step 2.
You'll need your mortgage account number. If it's not to hand, just jump to
Step 2.
View our deals
Download our current deals for borrowing more
These deals are updated regularly so you may need to call to get the most recent offers.
These deals are updated regularly so you may need to call to get the most recent offers.
Get in touch
If you know what you’d like to do, or if you’d like to chat about your options, our mortgage specialists can help.
Get your offer
Once you’ve submitted your application, we’ll check your credit file.
If your loan’s approved, and you’re happy to go ahead, we’ll transfer the funds.
If your loan’s approved, and you’re happy to go ahead, we’ll transfer the funds.
Important to know
To borrow more, you may need an up-to-date valuation of your property. We call this a revaluation.
There is a £70 fee to pay for revaluations. This is non-refundable.
If you are borrowing more to buy a second home, you may need to speak to a conveyancer. If you want to move home and take your mortgage with you, this is called porting.
You may also need a conveyancer to do a Transfer of Equity. This is when you add or remove someone from a mortgage.
There is a £70 fee to pay for revaluations. This is non-refundable.
If you are borrowing more to buy a second home, you may need to speak to a conveyancer. If you want to move home and take your mortgage with you, this is called porting.
You may also need a conveyancer to do a Transfer of Equity. This is when you add or remove someone from a mortgage.
Call us
Chat to our mortgage specialists about your options.
9am to 5pm Monday to Friday
9am to 1pm Saturday
Calls to 03 numbers are charged at the same rate as 01 or 02 numbers from all phones.