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Additional borrowing

Borrowing an additional amount on your property may be right for you if you're looking to make improvements to your home or fund a special purchase.

Additional borrowing is not like a personal loan - it is secured on your property, like your mortgage. You can spread your payments over the term of your mortgage, 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.

How it works

Step 1. Find out if you can borrow more

Before you apply for additional borrowing, 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 are not looking to pay off any unsecured debts (e.g. credit cards, personal loans) with the additional borrowing
  • A £99 additional borrowing fee applies

All applications for additional borrowing are subject to the Society's lending criteria.

Step 2. Find out how much you can borrow

Use our 'How much can I borrow' calculator to get an idea of what we may be able to lend to you overall.

Step 3. View our additional borrowing products

You can view our range of additional borrowing products here.

Step 4. Apply to borrow more

You can apply for 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 borrowing.

Green additional borrowing

If you're planning on borrowing more to make energy efficient improvements to your home, you could benefit from a lower initial interest rate with our Green Additional Borrowing product.

Find out more

Need additional support?

Let us know if you need any additional support when managing your money and we will do what we can to help.

Let us know


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