For the use of mortgage intermediaries & other professionals only

Further advances

Your clients can borrow more money against the value of their home. The further advance is secured against their existing Halifax mortgage.

You can use the ‘Further advance’ loan type on our Mortgage Affordability Calculator as a guide to the maximum further advance amount that may be available for your client.


Most further advances that don’t include a product transfer will follow our new and improved process:

  • Instant decisioning with a Decision in Principle that has a ‘soft footprint’ credit search.
  • Create and review illustrations instantly.
  • Save and resume keying.
  • Ability to amend the loan amount and other details before you submit the application in full.

Our Fact find questions will automatically determine if an application can follow our new or existing process.

Please check the application will meet our criteria before applying:

  • Minimum further advance amount is £10,000.
  • Minimum property value is £40,000.
  • Further advance not permitted within 6 months of completion of original mortgage.
  • No arrears - where the existing mortgage is in arrears a further advance application cannot be accepted. The customer should be advised to bring their account up to date.
  • Acceptable reasons for a further advance – see Criteria section for a list of acceptable reasons. Where for debt consolidation consider if there are any second charges on the property e.g. shared ownership schemes. Further advances are not accepted on shared equity schemes.
  • Maximum 85% Loan to Value - existing loan plus further advance amount must not exceed 85% LTV; where above 80% LTV (based on current indexed valuation) a revaluation will be required and a revaluation fee will be due.
  • Repayment plans – where current mortgage has an Interest Only amount acceptable repayment plan(s) must be held or no further advance will be available.

Points to note:

  • To submit a further advance application sign-in online and then select Create Further Advance.
  • Select the correct payment route required.
  • Check the customer details including names are spelt correctly.
  • If applicant is self-employed then please include most recent tax year overview dates, within the 18 month limit.
  • Include reason(s) for the further advance and check that a new product has been requested for the full amount including the further advance value.
  • If a Mortgage Illustration isn’t available immediately, you’ll receive an update by email advising when the illustration is available online and of any requirements. You should upload any documents requested online.
  • You must return the declaration issued with the Mortgage Illustration signed by your client(s). If the declaration is not returned an offer document will not be produced and the application cannot be completed.
  • A further email update will advise when the offer document is available online.
  • When your client is ready to receive their funds, they should call the Halifax Refinance team on 0345 901 3161 and select option 2.
  • You can combine a Product Transfer and Further Advance application.