You can remortgage from another provider on a like-for-like basis or we can allow you to raise additional funds to help with certain things such as home improvements, to transfer equity following a relationship breakdown, to gift a loved one a deposit on a house, or to pay off and consolidate existing debts.

If you have additional borrowing elsewhere, such as a loan or credit card, we will allow you to raise funds to repay that borrowing by adding the amount onto your mortgage loan when you remortgage to us.

By consolidating the debts onto the mortgage we can spread the debt over the term of the mortgage, making it easier to manage and it could reduce the monthly outgoing. As the debt will be paid over a longer time, you may pay more interest overall and you will reduce the equity that you own in your property.

Think carefully before securing other debts against your home as your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. As a responsible lender, if you want to consolidate debts on your mortgage, we will need to be assured that there isn’t an underlying financial problem with any existing debts that you’re looking to transfer onto your mortgage.

It’s important that you also consider the right options for managing debts, including where necessary getting debt advice, such as through charities like Step Change and Money Helper.

We can assist with raising funds to help with home improvements, including the construction of a modest extension to the property. In these circumstances, we can assess the loan based on the current property valuation or the valuation of the property with the improvements added. By raising funds against the future valuation of the property it may help make the loan more achievable.

For example, if you want to remortgage and borrow £95,000 to help with home improvements against a property currently valued at £100,000, we could not help because it would be above our maximum 90% loan to value limit. However, if the future value of the property as a result of the improvements increases to £150,000, then we would be able to consider the loan.

Yes, you will need to have professional advice from one of our qualified advisers. After an initial affordability assessment, an appointment will be scheduled to provide you with advice before you progress to application. The advice can be given over the phone, via video call appointment or in one of our branches in Mansfield, Sutton, Kirkby or Chesterfield.

After the appointment with a qualified advisor, we will send you details of what has been discussed and how your mortgage with us will work. This will be outlined in a European Standardised Information Sheet (ESIS) and all lenders are obliged to provide this.

In addition to the ESIS we will also send you our mortgage application form and all you need to do is, complete it and return it to us with the supporting documentation required. Once we’ve received the completed application and supporting documentation, our expert underwriters will review the applications,  carry out checks, request additional information (if required) and issue an offer for you to transfer the mortgage to us.