Further advances

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

You can use the Further Advance loan type on the Mortgage Affordability Calculator as a guide to the maximum further advance that may be available.

Benefits

  • Product options. A choice of tailored mortgage products based on a number of factors, including your client's circumstances and, in some cases, the energy efficiency of their property. Check your client's mortgage in 'Mortgage Enquiry' and view the 'New Products available' tab.
  • Combined application. If your client also wants to select a new product for their existing mortgage, a Product Transfer and Further Advance may be submitted together.
  • Review opportunity. Review your client's finances, including their general insurance.
  • Case tracking. Access regular updates on the progress of your case.
  • Earn a procuration fee.

Things to consider

Any more borrowing is secured against your client's home.

Need a product transfer as well?

If your client wants to borrow more money and select a new product for their existing mortgage, they can submit a combined Product Transfer (PT) and Further Advance (FA) application.

Find out more about Combined Product Transfer and Further Advances.

Before you apply

Check the application meets our Further Advance criteria.

For guidance on how to submit an application, including keying, illustrations, offers and releasing the funds, see how to submit a Further Advance.