Everyone needs a bit of financial flexibility now and again. There are a number of options available for additional borrowing against any equity in your home.
Be clear on why you need to borrow more and how much you actually need. Quite often people borrow more for home improvement or to support a deposit on a second buy to let property.
If your home has increased in value since you bought it, you could may, subject to affordability, be able to borrow a further advance from your mortgage lender.
Another option is a secured loan. A secured loan offers a way to borrow larger sums of money (usually £15,000+) by using the collateral equity of your home as security against your repayments.
Should you have a need for a secured loan you will be referred to a third party provider. Neither Aberdeen Mortgage Company/Lifetime Finance Group Ltd nor First Complete Ltd is responsible for any advice provided by a third party.
This firm charges a fee of up to £795 for mortgage advice. The amount of fee will depend on your circumstances and will be discussed and agreed with you at the earliest opportunity.
