Need to borrow more?

Whether you're looking to borrow more on your existing mortgage for home improvements or a special purchase, we've a range of products available for you.

When applying for additional borrowing, keep in mind:

  • £10,000 is the minimum amount you can borrow. If you need to borrow less, there are other borrowing options available
  • Borrow up to 85% of the value of your property, including your existing mortgage and additional borrowing – 75% if you have an interest-only mortgage
  • You must have had your current Halifax mortgage for more than 6 months
  • Your payments must be up-to-date before you apply
  • Our mortgage adviser can recommend a loan that suits your needs and circumstances, and explain how it may change your monthly payments

If you’re interested in borrowing more on your existing Halifax Buy to Let mortgage, view our current Buy to Let rates. Not available on Halifax Retirement Home Plan mortgages.

Your home may be repossessed if you do not keep up repayments on your mortgage.


MORTGAGE CALCULATOR.

Use our mortgage calculator to get an idea about how much your additional borrowing monthly payments could be.

Mortgage calculator


CAN I APPLY?

Got your mortgage account number to hand? Check online now if you’re eligible to apply for additional borrowing – it takes less than a minute.

Check I can apply


GETTING STARTED

Take the first step now. Get an online Agreement in Principle and find out how much you could borrow. You’ll then need to speak with one of our advisers before making a full application.

Start now

How to apply

It’s easy to apply – online, in branch or by phone.


Find out if you’re eligible to apply before booking an appointment.

You'll need your mortgage account number - you can find this on your latest mortgage statement or sign in to online banking to view your mortgage details. If you're not registered for online banking yet, it's easy and only takes about 5 minutes. Find out how to register.

Can I apply?


See how much you could borrow

If you’re eligible to apply, the first step is to get an Agreement in Principle (AIP). It will let you know how much you could borrow before speaking with a mortgage adviser.

Here are the steps to borrowing more

  • Find out if you’re eligible to apply
  • Get an Agreement in Principle – a lending promise from us to you
  • Speak with one of our mortgage advisers

Get started now

Your home may be repossessed if you do not keep up repayments on your mortgage.

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 by using our online checker.

What can I spend the additional borrowing on?

You can use any additional borrowing for a whole range of purposes, such as making home improvements or another important purchase. Although do think carefully before securing additional borrowing against your home as it'll increase your overall mortgage debt.

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.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Our current deals

These are all our current fixed rate deals available today.

Which rate am I eligible for?

Our rates for additional borrowing are determined by the amount of your total mortgage borrowing, to work this out add together your current mortgage balance and the amount of additional borrowing. Once you’ve got this figure, you’ll be able to see which of the below rate tables is applicable to you. From within the table just look up your loan to value* to identify your rate. The rate shown will apply to your additional borrowing only.

Here’s an example:

If you have a mortgage of £130,000 and you are looking to borrow an additional £22,000, your new total borrowing amount would be £152,000, so you’d go to the ‘£100,000 to £249,999’ rate table. If your property is worth £300,000, with a total lending amount of £152,000 your loan to value is 51%, so your rate would be shown in the 0-60% LTV range.

Total borrowing between £10,000 and £99,999
Total borrowing between £100,000 and £249,999
Total borrowing between £250,000 and £7,500,000


Total borrowing between £10,000 and £99,999

Term

Initial rate

Halifax Homeowner
Variable rate thereafter

For the remainder of the term from

The overall cost for comparison is

Product fee

Loan to value (LTV)

Early Repayment Charges until

Total borrowing

2 years

2.29%

Currently 3.74%

30/04/2019

3.5% APRC

£0

0-60%

30/04/2019

£10k - £99,999

2 years

2.69%

Currently 3.74%

30/04/2019

3.6% APRC

£0

60-75%

30/04/2019

£10k - £99,999

2 years

2.79%

Currently 3.74%

30/04/2019

3.6% APRC

£0

75-85%

30/04/2019

£10k - £99,999

5 years

2.84%

Currently 3.74%

30/04/2022

3.4% APRC

£0

0-60%

30/04/2022

£10k - £99,999

5 years

3.54%

Currently 3.74%

30/04/2022

3.7% APRC

£0

60-75%

30/04/2022

£10k - £99,999

5 years

3.89%

Currently 3.74%

30/04/2022

3.9% APRC

£0

75-85%

30/04/2022

£10k - £99,999

2 years


Initial rate

2.29%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2019

The overall cost for comparison is

3.5% APRC

Product fee

£0

Loan to value (LTV)

0-60%

Early Repayment Charges until

30/04/2019

Total borrowing

£10k - £99,999

2 years


Initial rate

2.69%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2019

The overall cost for comparison is

3.6% APRC

Product fee

£0

Loan to value (LTV)

60-75%

Early Repayment Charges until

30/04/2019

Total borrowing

£10k - £99,999

2 years


Initial rate

2.79%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2019

The overall cost for comparison is

3.6% APRC

Product fee

£0

Loan to value (LTV)

75-85%

Early Repayment Charges until

30/04/2019

Total borrowing

£10k - £99,999

5 years


Initial rate

2.84%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2022

The overall cost for comparison is

3.4% APRC

Product fee

£0

Loan to value (LTV)

0-60%

Early Repayment Charges until

30/04/2022

Total borrowing

£10k - £99,999

5 years


Initial rate

3.54%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2022

The overall cost for comparison is

3.7% APRC

Product fee

£0

Loan to value (LTV)

60-75%

Early Repayment Charges until

30/04/2022

Total borrowing

£10k - £99,999

5 years


Initial rate

3.89%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2022

The overall cost for comparison is

3.9% APRC

Product fee

£0

Loan to value (LTV)

75-85%

Early Repayment Charges until

30/04/2022

Total borrowing

£10k - £99,999

Your home may be repossessed if you do not keep up repayments on your mortgage.


Total borrowing between £100,000 and £249,999

Term

Initial rate

Halifax Homeowner
Variable rate thereafter

For the remainder of the term from

The overall cost for comparison is

Product fee

Loan to value (LTV)

Early Repayment Charges until

Total borrowing

2 years

1.99%

Currently 3.74%

30/04/2019

3.4% APRC

£0

0-60%

30/04/2019

£100k - £249,999

2 years

2.39%

Currently 3.74%

30/04/2019

3.5% APRC

£0

60-75%

30/04/2019

£100k - £249,999

2 years

2.69%

Currently 3.74%

30/04/2019

3.6% APRC

£0

75-85%

30/04/2019

£100k - £249,999

5 years

2.74%

Currently 3.74%

30/04/2022

3.3% APRC

£0

0-60%

30/04/2022

£100k - £249,999

5 years

3.44%

Currently 3.74%

30/04/2022

3.7% APRC

£0

60-75%

30/04/2022

£100k - £249,999

5 years

3.78%

Currently 3.74%

30/04/2022

3.8% APRC

£0

75-85%

30/04/2022

£100k - £249,999

2 years


Initial rate

1.99%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2019

The overall cost for comparison is

3.4% APRC

Product fee

£0

Loan to value (LTV)

0-60%

Early Repayment Charges until

30/04/2019

Total borrowing

£100k - £249,999

2 years


Initial rate

2.39%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2019

The overall cost for comparison is

3.5% APRC

Product fee

£0

Loan to value (LTV)

60-75%

Early Repayment Charges until

30/04/2019

Total borrowing

£100k - £249,999

2 years


Initial rate

2.69%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2019

The overall cost for comparison is

3.6% APRC

Product fee

£0

Loan to value (LTV)

75-85%

Early Repayment Charges until

30/04/2019

Total borrowing

£100k - £249,999

5 years


Initial rate

2.74%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2022

The overall cost for comparison is

3.3% APRC

Product fee

£0

Loan to value (LTV)

0-60%

Early Repayment Charges until

30/04/2022

Total borrowing

£100k - £249,999

5 years


Initial rate

3.44%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2022

The overall cost for comparison is

3.7% APRC

Product fee

£0

Loan to value (LTV)

60-75%

Early Repayment Charges until

30/04/2022

Total borrowing

£100k - £249,999

5 years


Initial rate

3.78%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2022

The overall cost for comparison is

3.8% APRC

Product fee

£0

Loan to value (LTV)

75-85%

Early Repayment Charges until

30/04/2022

Total borrowing

£100k - £249,999

Your home may be repossessed if you do not keep up repayments on your mortgage.


Total borrowing between £250,000 and £7,500,000

Term

Initial rate

Halifax Homeowner
Variable rate thereafter

For the remainder of the term from

The overall cost for comparison is

Product fee

Loan to value (LTV)

Early Repayment Charges until

Total borrowing

2 years

1.84%

Currently 3.74%

30/04/2019

3.4% APRC

£0

0-60%

30/04/2019

£250k - £7.5m

2 years

2.24%

Currently 3.74%

30/04/2019

3.5% APRC

£0

60-75%

30/04/2019

£250k - £7.5m

2 years

2.54%

Currently 3.74%

30/04/2019

3.5% APRC

£0

75-85%

30/04/2019

£250k - £7.5m

5 years

2.59%

Currently 3.74%

30/04/2022

3.2% APRC

£0

0-60%

30/04/2022

£250k - £7.5m

5 years

3.29%

Currently 3.74%

30/04/2022

3.6% APRC

£0

60-75%

30/04/2022

£250k - £7.5m

5 years

3.64%

Currently 3.74%

30/04/2022

3.8% APRC

£0

75-85%

30/04/2022

£250k - £7.5m

2 years


Initial rate

1.84%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2019

The overall cost for comparison is

3.4% APRC

Product fee

£0

Loan to value (LTV)

0-60%

Early Repayment Charges until

30/04/2019

Total borrowing

£250k - £7.5m

2 years


Initial rate

2.24%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2019

The overall cost for comparison is

3.5% APRC

Product fee

£0

Loan to value (LTV)

60-75%

Early Repayment Charges until

30/04/2019

Total borrowing

£250k - £7.5m

2 years


Initial rate

2.54%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2019

The overall cost for comparison is

3.5% APRC

Product fee

£0

Loan to value (LTV)

75-85%

Early Repayment Charges until

30/04/2019

Total borrowing

£250k - £7.5m

5 years


Initial rate

2.59%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2022

The overall cost for comparison is

3.2% APRC

Product fee

£0

Loan to value (LTV)

0-60%

Early Repayment Charges until

30/04/2022

Total borrowing

£250k - £7.5m

5 years


Initial rate

3.29%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2022

The overall cost for comparison is

3.6% APRC

Product fee

£0

Loan to value (LTV)

60-75%

Early Repayment Charges until

30/04/2022

Total borrowing

£250k - £7.5m

5 years


Initial rate

3.64%

Halifax Homeowner
Variable rate thereafter

Currently 3.74%

For the remainder of the term from

30/04/2022

The overall cost for comparison is

3.8% APRC

Product fee

£0

Loan to value (LTV)

75-85%

Early Repayment Charges until

30/04/2022

Total borrowing

£250k - £7.5m

Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £91,870 payable over 20 years, initially on a fixed rate for 2 years at 2.34% and then on our variable rate of 3.74% for the remaining 18 years, would require 24 monthly payments of £479.69 and 216 monthly payments of £538.09.

 

The total amount payable would be £127,740.00 made up of the loan amount, plus interest (£35,870.00).

 

The overall cost for comparison is 3.5% APRC representative.

What is a Representative Example?
This is an illustration of a typical mortgage and its total cost


Our rates are only guaranteed for applications made today. We reserve the right to change our product range at any time. When you apply for additional borrowing, our mortgage advisers will ask you about your needs and circumstances and then recommend our most suitable loan.

If you’ve any interest-only borrowing and you’re looking for additional borrowing, you must have a repayment plan in place and you'll need to provide suitable documentary evidence.

This information doesn't contain all of the details you need to choose a mortgage. You'll need our advice on whether additional borrowing is suitable for you.

* Loan to value is the proportion of the value or price of the property (whichever is the lower), that you borrow on a mortgage.


Borrowing more – explained

Your step-by-step guide to borrowing more on your existing mortgage – from making your application to being made an offer.

  • Check online if you could apply for additional borrowing.
  • If you're planning improvements or repairs to your property, make sure you get professional estimates first.
    Find out when you'll need to pay for any work, because you may not be able to get your loan before the work is complete.
  • We’ll already have most of your personal details but we’ll need to check these are up to date.
    Your mortgage adviser will ask about your needs and circumstances and then recommend our most suitable loan for you.
  • Getting an Agreement in Principle (AIP) is the first step to borrowing more.
    It’s a personalised lending promise from us to you and explains how much you could borrow before making a full application with one of our advisers.
  • The maximum amount you can borrow in total, with your existing mortgage and additional borrowing, is 85% of your property on a repayment basis or 75% on an interest-only basis.
  • We may need you to appoint a conveyancer to act for you and for us, for example if you want a loan to buy out a partner, you’ll have to pay the cost of this.
  • We’ll check whether the last valuation we did for your property is still ok for us.
    If not we’ll arrange to revalue your property. You’ll have to pay for the cost of the revaluation unless we agree to do so.
  • If any part of your loan is to be on interest-only – including any of your existing loan – then 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.
  • Sometimes we’ll require you to transfer the whole of your mortgage to our latest mortgage conditions.
    If we do, you’ll be given a copy of the new mortgage conditions.
  • You’ll be given a declaration to sign and an illustration, which sets out the terms of the mortgage product and the total cost of the loan.
    Please take time to read these and make sure you’re happy with them before we agree to the transfer.
  • When you’ve signed and returned the declaration, we’ll make you a formal offer.
  • If we need to revalue your property, we'll appoint a valuation surveyor and arrange for the valuation.
    The surveyor will call you to make an appointment to visit your property.
  • We'll make enquiries about you at a credit reference agency.
    We'll check your employment and income details and write for any other references we may need.
  • We'll check the valuation report to make sure the property’s value seems to be worth enough to lend you the amount you want to borrow.
  • When all this is done and if everything is ok, we'll write to offer you the additional borrowing.
    Take time to read your offer letter because it's really important.
  • If you are using a conveyancer you must tell them when you are ready to proceed. Tell us when you want us to release the money to you.
  • We'll pay the money into the account where your monthly payments come from.
    If you're using a conveyancer, we'll send the money direct to them.
  • We'll write to let you know when we've released the money and what your new monthly payments will be.
    Your first monthly payment may be higher than your later ones. This is because we'll collect the interest we charge on the new loan between the day we release the money and the end of the month.
  • We start charging you interest on the loan from the day we release it, so we suggest you don't ask for the money until you need it.