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Additional mortgage borrowing

Borrowing more on your Isle of Man Bank mortgage

To apply you must be 18+ and resident in the Isle of Man. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Thinking of borrowing more on your Isle of Man Bank mortgage?

Up to 85% of the property value

You can borrow up to 85% of the value of your property.

Borrow for a range of purposes

You could borrow extra on your mortgage for a range of purposes, for example home improvements, a new car, a dream holiday or a wedding.

Online tools to help you budget

Our mortgage calculator and mortgage rate finder will help you decide how much you can afford in as little as 10 minutes.

Things to consider...

  1. 01

    Applications for additional borrowing must be for an acceptable purpose. The most common purposes are home improvements, a new car, a dream holiday or a wedding. We'll cover this in full during your first mortgage appointment.

  2. 02

    The minimum borrowing amount on a mortgage is £10,000. A personal loan could be an option if you need less.

  3. 03

    The minimum borrowing term is 3 years and the maximum is 35 years. Any new mortgage borrowing will run concurrently with your existing mortgage.

    The maximum age for repayment is 65 years old. Where a mortgage extends beyond this age, you should be able to demonstrate continued ability to repay the loan by way of a pension or alternative means.

Help and guides

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A guide to buying a home

From rates to moving, our guide to getting a mortgage will help you understand the key steps to buying a home.
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Jargon buster

Let us take the mystery out of mortgages by explaining a list of key terms and phrases you might come across on your journey.
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Common questions

A list of the most frequently asked questions about mortgages and where to find extra support when you need it.

Contact us about a mortgage

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