Further advances

A Further Advance (FA) allows your client to borrow more money secured against their existing Halifax mortgage.

Before applying, check the application meets our Further Advance criteria. For information about the proposition and benefits, see Further Advances.

How to apply

Log in to Halifax Intermediaries Online and select 'Create Further Advance'.

Most Further Advance applications follow our improved online process. You can:

  • get an instant Decision in Principle using a soft-footprint credit search
  • create and review illustrations instantly
  • change the term of existing sub-accounts where required
  • allow different terms for multiple borrowing requirements
  • save and resume keying
  • change the loan amount and other details before submitting the application in full.

Some applications follow a different process and must be fully submitted before you receive a decision and Mortgage Illustration.

This includes certain schemes, applications where the Further Advance is required on interest only and borrowing purposes that need a conveyancer, for example when:

  • purchasing the freehold
  • purchasing land
  • extending the lease
  • repaying a subsequent charge.

For these applications the customer will need to be comfortable that a full hard credit search will take place before a decision can be made whether the Further Advance is affordable and they meet our credit score.

Keying the application

  1. Select the right payment route.
  2. Check the customer details, including that names are spelt correctly.
  3. Where the applicant is self-employed, include the most recent tax year overview dates within the 18-month limit.
  4. Enter the amount and reason for the Further Advance.
  5. Check that a new product has been requested for the full amount of the Further Advance.

If a Mortgage Illustration is not available straight away, we'll email you when it is available online and tell you about any requirements.

Upload any requested documents online.

Mortgage Illustration and offer

You must return the declaration issued with the Mortgage Illustration signed by your client(s).

If the declaration is not returned, an offer cannot be produced and the application cannot complete.

We'll email you when the offer is available online.

Releasing the funds

When your client is ready to receive their funds, they should call the Halifax Refinance team on 0345 901 3161, Monday to Friday, 8am to 6pm, and select option 2.

The latest funds can be released is 4.20pm Monday to Friday.

Once all checks have been completed, the funds will be paid into the customer's mortgage direct debit account by close of business that day.

Product Transfer also required?

If your client also wants to select a new product for their existing mortgage, see Combined Product Transfer and Further Advance.