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Further Borrowing

Whatever your plans we can help. As an existing mortgage customer, whether you're consolidating debt, planning home improvements or buying a new car - you could consider releasing some of the money tied up in your home over a term that suits you. There are three ways you can do this;

Pre-agreed reserve

When you applied for your mortgage we may have offered you a mortgage reserve facility, which is called a pre-agreed reserve. To check if you have a pre-agreed reserve available, please log in to your secure online banking and select 'mortgage'.

• Borrow from £1,000 up to a pre-approved level, subject to some final checks
• Fast and efficient - funds will be paid into your account within 1 working day (if you have a Intelligent Finance current account or savings account, or 4 days if going to an external account.

If you don't have a pre-agreed reserve and want to release your equity, why not apply for a further advance?

Built-up reserve

You can borrow back the amount you have built-up from making regular and lump sum overpayments into your mortgage. To see your built-up reserve pre-approved level log in to your secure online banking and select 'mortgage'.

• Minimum of £1,000, subject to some final checks
• Fast and efficient - funds will be paid into your account within 1 working day (if you have an Intelligent Finance current or savings account or 4 days if going to an external account.)

You should make sure that you ask us at least 10 banking days before you want to borrow any part of the pre-agreed reserve or built-up reserve.

Further advance

• Borrow up to 80% of the value of your property (subject to affordability checks)
• Minimum of £1,000
• £160 Arrangement fee

How to apply

Whichever option, the interest is charged daily and it's hassle free as your monthly mortgage repayments simply increase to cover the loan repayments.

To apply for a further advance simply call 0845 605 8585, lines are open 09:00 to 18:00 Monday to Friday and 09:00 to 13:00 on Saturday.

To take advantage of your pre-agreed reserve or built-up reserve, simply call 0845 609 4343, lines are open 08:00 to 20:00 Monday to Friday, 08:00 to 18:00 on Saturday and 09:00 to 18:00 Sunday.

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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