Borrowing more on your mortgage

Had your Lloyds mortgage for at least 6 months? You could borrow up to 85% of your home’s value to put your plans into action.

Can I apply?

Borrowing more on your mortgage could be right for you if:

  • your monthly payments are up to date
  • you’ve had a mortgage with us for at least 6 months
  • you’re thinking of borrowing at least £5,000.

Exclusive Club Lloyds discount

Are you a Club Lloyds current account customer? You could get an exclusive discount on your initial mortgage rate when you borrow more on your mortgage.

Club Lloyds discount

You could lose your home if you don’t keep up your mortgage repayments

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If you’re ready to carry on, we’ll send you a passcode to enter when you log back in. This helps us to keep your account safe.

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What else do I need to know?

You could borrow up to 85% of your home’s value, or 75% if you have an interest-only mortgage.

We can’t offer additional borrowing to customers who are taking a payment holiday.

Want to find out if borrowing more on your mortgage is right for you? Try the borrowing options tool.

If you want to borrow more on a Lloyds Buy to Let mortgage, take a look at the current buy to let rates.

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Current special offers

Find out about our current offers when you apply to borrow more.

Eco Home Reward

You could get a cashback reward of up to £2,000 for making qualifying home improvements, such as insulation, solar panels, or a heat pump. We can even help with installation.

Terms and conditions apply. We can be change or withdraw the offer at any time.

Eco Home Reward

Let’s look at the details

  • The maximum amount you can borrow will depend on your individual circumstances. This includes things like your current mortgage balance and the market value of your home.

    The minimum you can ask for is £5,000. If you need a smaller amount, we have other borrowing options that might be a better fit for you.

    Start the process online and we'll let you know if we can lend you the amount you're looking for.

  • Find out if you can borrow more online by answering a few easy questions. Once you’ve checked you can apply, we’ll show you what deals we have. Don’t worry – even if you can’t borrow more, it won’t affect your credit score.

  • There are several reasons you might consider borrowing more. This could include giving your house a makeover, such as renovating your kitchen or bathroom to boost your home's value.

    If you have other existing debts, like credit cards or loans, you could also combine them into 1 monthly payment to save on interest. You could even use it to pay for your wedding.

    Always consider your options carefully before borrowing extra money against your home. Doing so will increase your total mortgage debt and your home could be at risk if you don’t keep up with your mortgage payments.

  • You can stick with your current mortgage term, or you can change it.

    With a repayment mortgage, if you shorten the term, you’ll pay less in interest overall, but your monthly payments will be bigger. Selecting a longer term will reduce your monthly payments, but you'll pay more interest.

  • If you borrow more, it’s secured against your home. This means that if you fall behind on your repayments then your home could be at risk

  • The mortgage deals are based on things like the amount you want to borrow, your current mortgage balance, and your home's market value.

    Get started online and we'll show you all the deals you can choose from. Pick the one that fits your needs, answer a few quick questions, and we'll give you an answer in about 15 minutes.

  • We'll tell you your loan to value (LTV) ratio when you apply to borrow more. It’s based on your total mortgage balance, any extra borrowing, and our assessment of your property's value.

    If you’re not ready to apply, you can also check your LTV by visiting Home Wise through mobile or online banking.

    Learn more about loan to value.

  • Some mortgages may come with a product fee. You have the option to add this product fee to the extra money you borrow, but interest will be charged on these fees.

    Start the process online and we'll show you all the deals along with the full details of any fees.

  • Are you in the last 3 months of your deal or on one of the standard variable rates? If so, you can explore your options for borrowing more and switching deals at the same time.

    If you have 3 to 5 months left on your deal, you can lock in a new rate right now. But you won't be able to borrow more online at the same time. If you want to chat about your options, our mortgage and protection advisers are here to help.

    If you want to switch deals, you can do this online. But if you want to change your term or repayment type, call us to chat with a mortgage and protection adviser.

  • Life and body cover can give peace of mind in case you die or if you become too ill to work. It could help pay off your mortgage so that you can keep your home even if something happens to you.

    We have various options for Lloyds mortgage customers. Chat to one of our mortgage and protection advisers to find the right level of cover for your needs.

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Do more with your mortgage

Already have a mortgage with us? You may be able to borrow more to make home improvements or buy something special. Or you could save money by switching to a new deal. Learn more about what you can do with your mortgage.

Existing customers

Do more with your mortgage

Already have a mortgage with us? You may be able to borrow more to make home improvements or buy something special. Or you could save money by switching to a new deal. Learn more about what you can do with your mortgage.

Existing customers