Additional advance
The extra funds you need to finance your dreams
Do you have plans to improve your home and your lifestyle? Apply for an additional advance today and how you spend the money is up to you. Home improvements such as a new kitchen, conservatory or loft conversions are all popular choices.
Quite simply, the choice is yours*.
What could be easier?
Exclusive to existing Chelsea mortgage customers
| Amount borrowed | Interest rate | |
|---|---|---|
| Rate | The overall cost for comparison | |
| £2,500 and above | Our standard variable rate, currently 6.94% | 7.5% APR |
The minimum loan is £2,500.
If you have a tracker product this rate may not apply. Please ask for details of what rate will apply to you.
There is an additional advance fee of £195, which will be added to your loan (unless you ask us to deduct it from your additional advance). Please note that interest is payable on fees added to loans.
If, at anytime, you wish to repay a standard variable rate additional advance you may do so without paying an early repayment charge.
*Loans are not available on Buy to Let, Self Certification and Prospect mortgages or for timeshare purchase or business purposes.
- A higher lending charge, reflecting the increased risk to Chelsea, is payable if your total loan exceeds a specified percentage of your home's current value. Where a higher lending charge is made, it will vary depending on the product taken. Please contact us for further details.
- Where the value of the property is greater than £250,000 the maximum loan may be restricted. Further details are available from your local branch or by calling 0845 607 6612.
- If you have other loans secured on your home in addition to your Chelsea mortgage, extra costs such as solicitors' fees will be involved. These costs, and any other, will be your responsibility
Your home may be repossessed if you do not keep up repayments on your mortgage
