Borrow more on your YBS mortgage
If you need money to build an extension, make energy-related improvements or have some home repairs to deal with, then we’re here to help.
You could take out additional borrowing on your existing mortgage. If you’re looking for ways to get a some money for your next project, talk to us today.
Why borrow more on your mortgage?
Energy-related improvements
If you’re borrowing more for energy-related improvements, at least half of the loan must be any of these:
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).
The remaining half of the loan can be used for anything else.
Who can borrow more?
If you have an existing mortgage with us, you may be able to borrow more. 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 borrow up to 85% of the value of your property.
You'll need to borrow at least £3000.
We won’t offer you a loan if it’s for business purposes or debt consolidation.
How to borrow more
Find out how much you can borrow
Just a handful of questions and you can find out how much we might lend you. It takes about 2 minutes to complete.
View our deals
Download our current deals for borrowing more.
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 is approved and you choose to go ahead, we’ll transfer the funds.
Important to know
To borrow more, you may need a new 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 add or remove someone from your mortgage, you will need to visit our Changing borrowers page.
Call us
Chat to our mortgage specialists about your options.
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Book an appointment
Book an appointment and we'll call you back.