Glossary - Understanding Industry Terms
What is additional borrowing?
Additional borrowing as the name would suggest entails borrowing additional funds, consequently augmenting the total amount of your mortgage. For example, the additional money that you borrow could be used to carry out improvements on your property.
What questions do our mortgage advice team get asked about this particular service?
When it comes to additional borrowing, our Devon team are often asked questions such as:
Is additional borrowing a good idea?
How much money can I borrow on top of my mortgage?
Will borrowing more money affect my mortgage rate?
If you are looking for answers to these questions, please don't hesitate to get in touch with our mortgage advice team today. Although our mortgage advice team are based in Exeter, we help customers across the whole of Devon.
We can assist you on a wide variety of topics
For over 25 years, we have been providing impartial and sound advice on a variety of topics for customers across Devon. Our mortgage advice team are the best in the area and they are here to assist you and answer any questions that you may have.
Our mortgage advice team have helped customers across Devon in areas such as Southernhay, Ottery St Mary, Exeter, Exmouth, Newton Abbot, Tiverton, Sidmouth, Crediton, Cranbrook and Cullompton to name but a few. If you would like to arrange a visit with our mortgage advice team, give us a call.
About Beerstone
Beerstone Financial Services was established in 1996 by Chris Beer, our Founding Director, who still plays a key role in the company and ensures we maintain the best service.
Beerstone Financial Services was established in 1996 by Chris Beer, our Director, who still oversees the company and ensures we maintain the best service.
In total we have over 30 years of experience in financial services working in a range of environments so you can be sure that your situation is in experienced hands.
Speak to our team
Visit our offices: 2 Southernhay West, Exeter, EX1 1JG
Beerstone Financial Services Ltd (542704) is an Appointed Representative of BrokerSync Ltd, which is authorised and regulated by the Financial Conduct Authority (1031981).
There may be a fee for Mortgage Advice. The precise amount will depend upon your circumstances and will be agreed upon following your initial meeting.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. Beerstone Financial Services Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. ABC Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Conveyancing, Wills, and some forms of Buy-to-let Mortgages and Commercial Mortgages are not regulated by the Financial Conduct Authority.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured against it.'