Additional Borrowing

Borrowing more money on your mortgage could be a good way of raising some extra funds. And if you’ve had a mortgage with us for at least the last 6 months, you may be eligible to borrow up to 95% of the value of your home (75% for Buy To Let customers).

It’s another way that we’re helping people to find their good place. We’re here to help, so take a look below to see whether additional borrowing might be right for you.

Why might you consider additional borrowing?

We all have our own story and what comes next is down to you. But if your next chapter involves a larger expense, additional borrowing could give you the capital you need. It’s there for things like:

• A new car
• Making improvements around the home
• The big day (yours or your loved ones')
• Making your home more energy efficient.

Green Additional Borrowing

At Skipton, we’re committed to supporting our customers in reducing their carbon footprint. One way we can all do this is to improve the energy efficiency of our homes.

Our Green Additional Borrowing products are available for existing customers to borrow up to 95% of the value of their home (or 75% for Buy To Let customers) to make their home greener with improvements such as (but not limited to):

• Solar panels
• Insulating your property
• New windows and doors
• Ground or air source heat pumps
• Bio-mass boilers.

Our Green Additional Borrowing range

• Attractively priced
• No product fees
• Borrow between £5,000 and £50,000 depending on your individual circumstances
• At least 50% of the amount you borrow must be spent on energy efficient home improvements, and you'll need to provide quotes for the full work with your application.

To find out more about our Green Additional Borrowing range, call our mortgage team on 0345 607 9825.

Member exclusive: Free EPC Plus

To help you see what Green improvements could be made to your home, we're offering our home-owning members a free home energy report from Vibrant for homes constructed more than 10 years ago.

T&Cs apply. EPC Plus is not regulated by the Financial Conduct Authority.

More about EPC Plus

Can I borrow more money on my mortgage?

Additional borrowing is available on most of our remortgage products subject to criteria including affordability and conduct of your account. But you should consider whether other forms of borrowing are more suitable for you, as any money we lend through additional borrowing will be secured against your property and your overall mortgage balance will increase.

If you need any more help and information, our team are here to discuss options, answers and the time you need. And as always, we’ll never pressure you into making any decision.