Further Advance
Flexible secured funding for your next big plan
A further advance (secured loan) can help you raise extra funds against your property without changing your existing mortgage.
What is a Further Advance?
A secured loan is linked to your property and runs alongside your current mortgage. It can be useful for home improvements, clearing finance, or raising funds fast.
Why opt for a Further Advance?
A further advance can help you borrow extra money using your home equity. It’s a smart option when you need funds without a full remortgage.
Better flexibility
Choose loan amount and term based on affordability.
Higher borrowing
Often allows larger sums compared to unsecured loans.
Credit options
May work even if your credit history is not perfect.
Faster access
In some cases quicker than a full remortgage process.
What costs are involved?
Fees depend on the lender and loan size. Many costs can be added to the loan, and legal fees may be lower than remortgaging.
How much can I borrow?
Borrowing depends on income, outgoings and equity. Most lenders start from £10,000 and the maximum is based on available equity.
Things to consider
Always borrow responsibly. Check eligibility, monthly affordability and any early settlement or arrangement fees before proceeding.