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Also known as a further advance, borrowing an additional amount on your mortgage may be right for you if you are looking to make improvements to your home or fund a special purchase.

A further advance is not like a personal loan – it is secured on your property. You can spread your payment over a longer term and your interest rate should be lower than a personal loan, but if you cannot keep up the additional payments you risk losing your home. You should always check the market to see if you can get a better deal before committing.

As you are not technically remortgaging, remortgage fees are not charged, although you may need to pay for a new valuation to determine the value of your property, plus a further advance fee.

Do I qualify?

Before you apply for a further advance, you should consider the following:

  • Minimum loan amount is £5,000
  • You must have had your West Brom mortgage for more than three months
  • You can borrow up to 90% of the value of your property. If you have an interest-only mortgage, you can only borrow up to 60%
  • You must have a good credit record
  • The additional monthly payments worked out by the Society are affordable and assessed in line with policy rules
  • You are not looking to pay off debts with the additional borrowing


Apply to borrow more

protecting your money

You can apply for the additional borrowing in branch or over the phone.

During the application process, you will need to provide information about your income and outgoings. To find out what documentation you will need, click here

We may also ask you for proof of planned purchases with the additional funding.