A top up is where you take out a further loan which may be used to clear debt, have a holiday, for property improvement, purchase items etc.

It is cheaper for you to borrow additional funds on the mortgage rather than have a personal loan or hire purchase.

As a top up is a separate loan at mortgage interest rates you can determine the loan term so this could be 2 to 3 years if you want to pay it off quicker or it could be up to 30 years.

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