Borrowing More | Mortgages | Chelsea Building Society
Additional loans for our existing borrowers
Whatever you’re planning for your home, you can get things moving sooner with an additional loan if you have a mortgage with us.
Early Repayment Charges and other fees and charges apply.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
You deserve a competitive deal
More rewarding mortgages when you stay
Once you have a mortgage with us, we may also be able to provide you with additional funds for a wide variety of purposes. You may want extra funds to build an extension for your growing family, for a new kitchen or to make repairs or improvements to your home. Our additional loans allow you to use some of the value in your home to help you do the things you want.
Benefits to you:
Choice of competitive ratesChoose from special member deals including fixed and offset fixed rates
Borrow what you need
Get up to 85% of the value of your home
Spread your payments
Pay back over a period of anything between 5 and 40 years, though you must have a minimum of 5 years left on your mortgage to take an additional loan
No higher lending charge
We'll pay this for you so you don't need to worry
Am I eligible?
If you're planning any home improvements, you'll need to show us estimates for the work and any planning approval that's needed.
When you apply, you'll need to ensure you've had your existing loan for at least six months, made repayments on time and that there are no arrears.