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.

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Benefits: why offer further advances?

• Review opportunity - review your clients' finances including their general insurance
• Case tracking - access to regular email updates from our team on the progress of your case
• Earn a procuration fee

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.

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Risks

Any additional borrowing is secured against your clients' home.

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• Check how much your clients can borrow

Use the Affordability Calculator as a guide to how much your clients could borrow.

• Check available products

• Contact a BDM
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