Additional Borrowing Explained
Additional borrowing is one of the easier to understand pieces of jargon in the mortgage world.
Additional borrowing refers to a customer increasing their borrowing, hence additional borrowing.
This process allows the customer to release some of the equity in their home when they need that cash for a particular reason, whatever it may be.
Property Articles
We hope you find this mortgage glossary / explanation of mortgage terms useful. You might also be interested in our articles on a range of property related issues, a selection of which are listed below:- Guarantor Mortgages
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- Purchasing a Penthouse
- Mortgage Fees
- Mortgages and Regulation
- New build property mortgages
- Bad Credit Mortgage
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- House Price Index
