Combined product transfer and further advance

  1. Home
  2. Placing business
  3. Product transfers and further advances
  4. Combined product transfer and further advance

The combined further advance and product transfer process provides an easier, quicker and better value solution when doing a product transfer with additional borrowing.

The combined application

  • The new combined application process means that you only need to do one application for a product transfer and further advance.
  • No need to complete online forms to submit an application simply call us on 0345 901 3161.
  • The combined application is driven by the further advance and this will be the first stage of the application followed by the product transfer
  • A full affordability assessment is required in all cases for the further advance element of the application. To speed up the process make sure you have the following information ready for the call :
    • Intermediary user details
    • Full employment details
    • Details of all credit commitments and personal finances
    • Details of the reason for the further advance
    • Product details
    • Details of repayment plans (if appropriate)
  • You will receive just one Mortgage Illustration and Mortgage Offer documents that includes details of both the product transfer and further advance. For a combined application the wording on the mortgage documentation will refer generically to ‘Mortgage Offer’ it will not call out ‘Product Transfer ‘ or ‘Additional Borrowing/Further Advance’
  • The product transfer will complete on the same day as the further advance funds are released, it cannot complete before

Where it suits your clients circumstances you can still do separate applications.

Our tracker rate mortgages are linked to Bank of England bank rate (also known as Bank of England repo rate). Details of this rate can be found on the Bank of England website at

For independent information on mortgages, visit the website 'Money Advice Service'.

If you do not have professional experience, you should not rely on the information contained in this communication. If you are a professional and you reproduce any part of the information contained in this communication, to be used with or to advise retail clients, you must ensure it conforms to the Financial Conduct Authority's advising and selling rules. This site is intended for UK residents unless otherwise stated.

Halifax is a division of Bank of Scotland plc. Registered in Scotland No.SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Copyright © , Halifax plc. All rights reserved.