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Further Borrowing

Whatever your plans we can help. As an existing mortgage customer, whether you're consolidating debt, planning home improvements or buying a new car - you could consider releasing some of the money tied up in your home. There are two ways you can do this:

Pre-agreed reserve

When you applied for your mortgage we may have offered you a mortgage reserve facility, which is called a pre-agreed reserve. To check if you have a pre-agreed reserve available, please log in to your secure online banking and select 'mortgage'.

  • Borrow from £1,000 up to a pre-approved level, subject to some final checks
  • Fast and efficient - funds will be paid into your account within 1 working day (if you have a Intelligent Finance current account or savings account, or 4 days if going to an external account.

Built-up reserve

You can borrow back the amount you have built-up from making regular and lump sum overpayments into your mortgage. To see your built-up reserve pre-approved level log in to your secure online banking and select 'mortgage'.

  • Minimum of £1,000, subject to some final checks
  • Fast and efficient - funds will be paid into your account within 1 working day (if you have an Intelligent Finance current or savings account or 4 days if going to an external account.)

You should make sure that you ask us at least 10 banking days before you want to borrow any part of the pre-agreed reserve or built-up reserve.

How to apply

Whichever option, the interest is charged daily and it's hassle free as your monthly mortgage repayments simply increase to cover the loan repayments.

To take advantage of your pre-agreed reserve or built-up reserve, simply call 0345 609 4343, lines are open 08:00 to 20:00 Monday to Friday, 08:00 to 18:00 on Saturday and 09:00 to 18:00 Sunday.

If you already have all or part of your existing borrowing with us on an interest-only basis, or are considering taking further borrowing on an interest only basis, please also refer to the Repaying your mortgage information in Myif.com.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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  • if you're an existing mortgage customer moving home
  • if you need help with your application

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.