Thinking about borrowing more?

Your Halifax mortgage might be the answer.

If you’ve had your Halifax mortgage for at least 6 months, you could borrow up to 85% of your home’s value to put your plans into action. 

If you want to borrow more on a Halifax Buy to Let mortgage, take a look at our current Buy to Let rates.

Can I apply?

Borrowing more on your mortgage could be right for you if:

  • Your monthly payments are up to date.
  • You’ve had a mortgage with us for at least 6 months.
  • You’re thinking of borrowing at least £10,000. If you need to borrow less, there are other borrowing options available.

You could borrow up to 85% of your home’s value, or 75% if you have an interest-only mortgage.

We can’t offer additional borrowing to customers who are taking a payment holiday.

Want to see some deals before you start?

With your mortgage account number to hand, our mortgage calculator will give you an idea of the deals that might be available to you and show you how likely you are to be accepted, before you apply.

Show me some dealsLink to borrow more on your mortgage calculator

You could lose your home if you don’t keep up your mortgage repayments

Ready to apply?

Apply for an agreement in principle and find out how much you could borrow.

If you qualify, you can choose to apply online without help or book an appointment to speak with one of our expert mortgage advisers.

Apply for an Agreement in Principle

Already applying?

If you’ve already started to apply or have an Agreement in Principle, sign in here to continue.

Continue to apply

Wouldn’t it be lovely to be mortgage-free?

So far, we’ve paid off 18 of our customer’s mortgages in full. Next month, could it be you?

Mortgages paid off from May 2020 to March 2021. Find out about our Mortgage Prize Draw, if you’re eligible and how to register. Mortgage Prize Draw rules apply.

Mortgage prize drawabout our mortgage prize draw and your chance to be mortgage-free

  • Things to know when borrowing more

    How much could I borrow

    The minimum amount of additional borrowing that we'll consider is £10,000. If you're wanting to borrow less than this then you might want to look at other borrowing options.

    The maximum amount you can borrow in total, with your existing mortgage and additional borrowing, is 85% of the value of your property on a repayment basis or 75% on an interest-only basis. If any part of your loan is to be on interest-only – including any of your existing loan - you must have a repayment plan in place and you'll need to provide suitable documentary evidence. 

    We'll check whether your repayment plan(s) is acceptable to us, based on our current policy. If not, we'll discuss other arrangements with you which may include transferring some or all of your existing loan to a repayment mortgage.

    Am I eligible to borrow more?

    Find out if you’re eligible to apply to borrow more and see some deals by using our mortgage calculator.

    If I borrow more, what could I use the money for?

    Any extra money you borrow is yours to spend how you like. A new kitchen or bathroom could increase the value of your home. If you're looking to save on your monthly payments or the total cost of borrowing you could combine your debts into one monthly payment. You could even make your dream holiday a reality.

    No matter what you choose to do, you should think about your other options before you borrow any extra money against your home. It will increase your total mortgage debt and your home could be at risk if you fall behind on your payments. If you are looking to combine your existing debts, we can help you to decide if adding them onto your mortgage is the best move for you.

    How long can I take to repay my additional borrowing?

    Our mortgage advisers will ask you about your needs and circumstances and then recommend the most suitable term for your additional borrowing. It can be the same as your mortgage term or different. On a repayment mortgage the longer you take to repay, the lower your monthly repayments will be but the more interest you’ll be charged.

    What are the risks I should be aware of?

    Additional borrowing is secured against your home, so it's important that you keep up your repayments. If you don't keep up your repayments there is the risk that your home could be repossessed.

    What mortgage deals are available?

    Our current mortgage deals are based on how much you want to borrow and your overall mortgage balance, including your existing mortgage and any additional borrowing, in relation to how much your property is worth. This is known as your loan to value (LTV) and it's expressed as a percentage figure. If you check all our current deals there'll only be certain deals which fit your additional borrowing amount and your loan to value band. When you apply for additional borrowing, our mortgage advisers will ask you about your needs and circumstances and then recommend our most suitable loan.

    How do I know what my loan to value percentage is?

    If you apply for additional borrowing, we'll tell you what your loan to value percentage is. This is based on your overall mortgage balance, including your existing mortgage and any additional borrowing, and your property value as determined by us.

    Will I be charged any fees?

    There's no arrangement fee to set up your additional borrowing but depending on the mortgage deal, there may be a product fee to pay. You'll need to check our current deals for full details. Any product fees can be added on to your additional borrowing on completion but you'll be charged interest on the fees.

    Can I switch to a new deal or make changes to my existing mortgage at the same time?

    If you're looking to switch to a new deal at the same time as borrowing more, or you want to make a change to the term or repayment type of your existing mortgage, you'll have to contact us to discuss your needs and circumstances with a qualified mortgage adviser.

    Can I protect my mortgage?

    You can protect your mortgage with our Life and Body Cover. This type of insurance can give you the peace of mind of knowing that you and your loved ones will be able to keep your home, even if something happens to you. It could help to pay off your mortgage in the event of your death, or if you become too ill to work.

    We have a range of options available to Halifax mortgage customers. Our Mortgage and Protection Advisers are on hand to discuss your needs and can help you to find the right level of cover for your needs.

    You can find out more about protecting your mortgage, the cover we offer and how to get a personalised quote by visiting our Mortgage Protection page.