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Additional borrowing

Borrowing more against a home you already own.

Whether it's for a renovation, debt consolidation, or another large cost, we'll compare additional borrowing from your existing lender against remortgaging elsewhere.

Think carefully before securing other debts against your home.
Consolidating debt may reduce your outgoings now, but you may end up paying more overall.
Your home may be repossessed if you do not keep up repayments on your mortgage.

Additional borrowing (sometimes called a further advance) lets you borrow more from your current lender, secured against your home, without a full remortgage. It's not always the cheapest option, though — sometimes a full remortgage, or a second charge loan, works out better.

We'll compare all three routes against your specific numbers before recommending one.

Whole of market
not tied to a panel
15+ yrs
specialist advice
Compared properly
not just your lender's offer

Common questions

What's the difference between additional borrowing and a second charge loan?

Additional borrowing extends your existing mortgage with your current lender. A second charge loan is a separate loan secured against the property, sitting behind your main mortgage. We'll compare both.

What can I use additional borrowing for?

Common reasons include home improvements, debt consolidation, and helping fund another purchase — lenders will want to know the purpose.

Will this affect my mortgage rate?

It can — additional borrowing is sometimes priced differently to your main mortgage rate. We'll make sure you see the real cost before deciding.

Talk to Node about your case.

Tell us what you need and we'll come back to you directly — usually the same day.

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