Further borrowing options for homeowners


FURTHER BORROWING

Need extra funds without
moving home?

Whether you’re planning home improvements, funding an extension,
consolidating existing borrowing or raising money for another purpose,
we’ll help you explore the most suitable way to borrow against
your property.

✔ Whole of Market Mortgage Advice
✔ Free Consultation
✔ Tailored Borrowing Solutions

Book Your Free Consultation

Borrowing More Essentials

Whether your fixed rate is ending or you simply want to reduce your monthly payments, these are the most common reasons people choose to remortgage.

🏡 Home Improvements

Extend, renovate or improve your home.

💷 Debt Consolidation

Simplify existing borrowing where appropriate.

🎓 Life Events

Help fund life’s bigger moments, from education to weddings and other planned expenses.

📈 Release Equity

Fund larger planned purchases such as a new car, business investment or other significant costs.

Why Choose Liberty Money?

Independent mortgage advice

Clear comparison of your options

Support from review to completion

Advice tailored to your plans

Costs to Consider

Before proceeding, we’ll explain any costs that may apply so there are no surprises. Many lenders offer incentives such as free valuations, cashback or free legal services, while others charge fees depending on the product selected. We’ll compare the overall cost of each option—not just the interest rate—to help you choose the right solution.

Product Fees

Some mortgage products include an arrangement fee. We’ll compare fee-free and fee-paying options to find the best overall value.

Valuation Fees

Many lenders offer free valuations, although some applications may require a paid property assessment.

Legal Fees

Some lenders include standard legal work as part of their remortgage or further borrowing package, while others may charge separately.

Advisor Fees

We’ll explain any adviser fees before you proceed, so you’ll always know exactly what to expect.

Early Repayment Charges

If your current mortgage deal includes an Early Repayment Charge, we’ll check whether changing it now is worthwhile.

Cashback & Incentives

Some lenders offer cashback, free valuations or legal services, helping to reduce your overall costs.

Frequently Asked Questions

Here are answers to some of the questions we’re most often asked about remortgaging. If you can’t find what you’re looking for, we’re only a phone call or email away.

Yes, in many cases you can apply to increase your existing mortgage if you have enough equity in your property and meet the lender’s affordability requirements. We’ll assess your circumstances and explain the options available.

Additional borrowing can be used for many legitimate purposes, including home improvements, debt consolidation, purchasing another property, funding education costs or other major planned expenses. The lender will usually ask what the funds are for.

The amount available depends on your income, existing commitments, property value and the equity you hold in your home. We’ll assess your circumstances and provide an indication of what may be possible before any application is submitted.

Usually, yes. Borrowing more increases the amount owed on your mortgage, which may increase your monthly payments and the total amount repayable over the life of the loan. We’ll clearly explain the costs before you make any decision.

Sometimes. Some lenders allow you to take additional borrowing alongside your existing mortgage product, while others may require you to switch products. We’ll explain the options available with your current lender and compare these with the wider market where appropriate.

Not always. Some lenders use automated property valuations, while others may require a physical inspection depending on the amount you’re borrowing and your property’s value.

Yes. Self-employed applicants can often borrow additional funds, provided they meet the lender’s affordability criteria. We’ll help identify lenders whose approach best suits your circumstances.

Possibly. If changing your existing mortgage means leaving your current deal early, an Early Repayment Charge (ERC) may apply. We’ll check this before making any recommendation and explain whether waiting could be more beneficial.

Not always. Depending on your circumstances, alternatives such as a remortgage or a secured loan may be more suitable. We’ll discuss the advantages and disadvantages of each option so you can make an informed decision.

Timescales vary depending on the lender and whether a valuation is required, but many applications are completed within two to six weeks. We’ll keep you updated throughout the process and work to achieve completion as quickly as possible.

Need to Borrow More?

Whether you’re planning home improvements, consolidating existing borrowing or simply want to know what’s possible, we’re here to explain your options and help you make an informed decision.

Book Your Free Consultation

Explore Related Mortgage Guides

Many of our clients explore more than one mortgage option before deciding what’s right for them. Here are some related guides that may also be useful.

Remortgages

Review your current mortgage and compare deals that could help you achieve your financial goals.



Find Out More →

Secured Loans

Coming to the end of your fixed rate or looking to reduce your monthly payments? Learn about your remortgage options.

Find Out More →

Home Movers

Buying your first home? Follow our step-by-step guide to understand the mortgage process with confidence.



Find Out More →