>How do I notify you of a change of address?
> How do I apply for a loan from Abbey?
> How much money can I borrow?
> How can I improve my chances of getting credit?
> Can I pay off my Additional Loan early and will I be charged if I do?
> Do I need to have a mortgage with Abbey to apply for Additional Borrowing?
How do I notify you of a change of address?
You'll need to complete one of our change of address forms, and provide us with proof of identification.
You can get a copy of the form by calling us on 0870 5680 191* (we’re open Monday to Friday from 8am to 7pm, and Saturday 8am to 2pm) or from your local branch.
We have a range of secured and unsecured loans. See our borrowing options page for more details.
It depends on the reason you need the loan, your circumstances and the amount you want to borrow. See our borrowing options page for more details.
How do I apply for Additional Borrowing from Abbey?
If you are an existing Abbey mortgage customer looking to borrow more, you can call us on 0800 585 5023* or pop into any Abbey branch.
It’s important to find a borrowing option that’s affordable for you. The best way to work out how much you can spare is to deduct your total monthly outgoings from your income and see how much is left. The important thing is to be realistic and not take on too much.
What is credit scoring?This is a system that Abbey and most other banks use when making our decision about whether to lend you money. We use the information you provide in your application such as your age, job and existing financial commitments. Credit checks are also made at credit reference agencies to find out how you have managed credit with other lenders. If you are an existing customer, we’ll check your accounts. These all affect the decision we make.
How can I improve my chances of getting credit?
APR is the Annual Percentage Rate (APR) which shows the overall cost of credit as an annual rate of charge. It takes into account the interest, charges and any other costs involved in getting credit, which makes it easy to compare across the market.
Can I pay off my Additional Loan early and will I be charged if I do?
If you have taken an Additional Loan and you’re not tied into an introductory rate, you are free to leave with no charge. If you like to discuss this, call us on 0845 600 0346*. We’re available Monday to Friday from 8am to 7pm and Saturday from 9am to 2pm.
Do I need to have a mortgage with Abbey to apply for Additional Borrowing?
Yes. Once you have a mortgage with Abbey, applying for Additional Borrowing is quick and easy. Call us on 0800 587 5023* or visit your local branch to find out more.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The tax free rate is the rate of interest payable where interest is exempt from income tax. The favourable treatment of ISAs may change in the future.
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