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Borrowing more

Existing mortgage customers

Borrow more on existing mortgage Borrow more on new deal
Your home may be repossessed if you do
not keep up repayments on your mortgage

Existing mortgage customers

Need to borrow more?

lost-wallet-on-pavement

You could borrow up to 90% loan to value of your property for almost any purpose. 

 

Applications for additional borrowing are subject to the loan to value and must meet our current lending requirements.  

Borrowing more

Your additional borrowing options

Additional borrowing range on an existing mortgage


If you are considering borrowing more on your mortgage, and already have a mortgage with us, we may be able to loan you up to 90% of your property’s value.

We have an additional borrowing range that you can choose a new deal from.


Existing customers - additional borrowing

Switching to a new deal and taking additional borrowing


If you are switching to a new deal and would like to borrow more at the same time, you can benefit from taking all borrowing at the same rate and you will only pay one product fee.

You can search online but if you would like to discuss your options, please call a mortgage adviser on the number shown at the bottom of this page.

Existing customers - changing deal

Key points to remember

 

 The minimum additional borrowing is £10,000

 

 Additional borrowing is only available on a "Capital & Interest" basis

 

We will lend to you based on the valuation we hold for your property. If you feel this valuation has changed, you can speak to our advisers to discuss your options. You can find your outstanding mortgage balance on your latest annual statement - use this and the valuation we hold for you to calculate your LTV.

Other options

RBS Personal Loans

A personal loan may be a more suitable option for your borrowing needs.

Find our more about our loans

You must be over 18 and an existing RBS current account customer. Our rates depend on your circumstances and loan amount and may differ from the Representative APR. 

Award winning mortgages

You're in good hands

We wouldn't usually blow our own trumpet like that. But buying a house is a huge commitment. And choosing the right mortgage provider, whether it's your first mortgage, or you're renewing an existing deal, makes a big difference. RBS have been awarded ‘Best Mortgage Lender Scotland’ in the 2013/14 Your Mortgage Awards.

In addition RBS has won the ‘Best National Bank’ for the 3rd year in a row in the 2014 ‘What Mortgage’ awards.

Your Mortgage

Best Mortgage Lender Scotland

 
 

What Mortgage

Best National Bank

 
 

Helpful banking

Protecting your money

We are a member of the Financial Services Compensation Scheme (FSCS). The Scheme can pay compensation to customers if they are eligible and the Bank is unable to pay claims against it. Compensation limits for Mortgage advice and arranging (for business conducted on or after 31 October 2004) - maximum £50,000 i.e. 100% of first £50,000 per person

Further information is available here or visit www.fscs.org.uk.

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