Mortgage Reserve
Tap into your capital. If your mortgage is less than 90% of the value of your property, you can borrow money against your house at mortgage rates with your Mortgage Reserve.
You can apply for a Mortgage Reserve with all our flexible mortgages. It is a secured overdraft facility offered via a Barclays Mortgage Current Account, where you borrow against the equity in your home. You’re then free to use the money for whatever you've planned. The Mortgage Current Account operates like a normal current account. You will receive a cheque book and debit card and will be able to set up standing orders and Direct Debits.
Most importantly, you can choose when to borrow, how to spend your money and how to pay it back. However it’s your responsibility to ensure it is repaid by the end of the mortgage term.
For more details about the Mortgage Reserve facility and whether this is right for you please visit our Mortgage Reserve page.
Further advance
Another way to access extra funds could be by using the equity in your home. Repayments can be made over the life of the mortgage or over a shorter term. Consider a further advance if you wish to borrow a lump sum over a longer term with structured repayments. Contact us to find out more.
To find out more about any of these options, please call us on 0845 678 9998*.
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