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Looking to increase your borrowing? Helpful advice from our experts

Increase your borrowing?

If the answer is yes, and you are an existing Leek United mortgage customer, you may be able to arrange additional borrowing providing the value of your property is more than your outstanding mortgage.

In addition to property improvements, additional borrowing can also be used to purchase a new car, pay school/university fees, holidays, etc.  Please be advised that by taking out additional borrowing this will increase your monthly repayment.  Any additional borrowing will be subject to our Responsible Lending Policy and affordability criteria.

With regards to your monthly repayments, you should be aware that the interest rate charged on any additional borrowing may not necessarily be the same as the rate on your existing mortgage loan and this should be taken into consideration.

If you would like further information regarding our additional borrowing facility, please contact one of our branches or Direct Sales Team, who will be happy to discuss this with you.

 

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Think carefully before securing other debts against your home.  Your home may be repossessed if you do not keep up repayments on your mortgage

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE