Nationwide is a well-respected, high street building society offering a diverse suite of flexible borrowing products ranging from secured loans and personal funding solutions, through to competitive re-mortgaging finance and debt consolidation loans, secured on either a first or second charge basis.
If you are a Nationwide mortgage holder already and you are looking to take out an additional loan secured against your property then our experienced team of dedicated property finance experts are always available to offer first-hand help and practical borrowing advice that is tailored precisely towards meeting your own specific needs and personal circumstances.
Can I borrow money against my house to buy another property?
With the majority of house prices at something of a temporary standstill, a large number of existing homeowners with sufficient equity in their properties are beginning to use the extra collateral available to them as a deposit for the purchase of an additional dwelling, usually in the context of a second home.
If you find that you satisfy the desired borrowing criteria and are contemplating the use of the equity in your home as security for an additional property purchase then you can use our streamlined online equity loan calculator to help work out the costs involved with a second mortgage.
You also have the option of discussing your requirements on a one-to-one basis with an experienced FCA approved adviser who will answer any questions you have on your mind directly.
Extending your mortgage for home improvement purposes
One of the simplest ways of improving your chances of a quick property sale, whilst simultaneously augmenting the value of your primary residence is by means of home improvement. Although the work might be somewhat costly in the short-term, by converting the loft space into an extra bedroom, or by getting a new fitted kitchen or bathroom, you can realistically expect to sell your property for a significantly higher sum of money for a relatively small investment amount.