Further advances
Further advances
Your clients can borrow more money against the value of their home. The additional borrowing is secured against their existing Halifax mortgage. Additional borrowing applications will not be permitted within 6 months of completion of the original mortgage.
Benefits: why offer further advances?
- Tried and tested system - and one you're already familiar with
- Review opportunity - review your clients' finances including their general insurance
- Best advice - access to client data through Halifax Intermediaries Online can assist
Please note if you would like to make an application for your client for a further advance, these must be placed using the earlier edition of the Intermediaries online application system.
Commitments
The arrangement fee for further advances is currently £99, payable on all occasions.
Risks
Any additional borrowing is secured against your clients' home.