Further advance
Want to borrow more on your Halifax mortgage?
Have something special in mind? You can use the value in your home and take advantage of a secured loan. We call this type of borrowing a Further Advance.
- Borrow at a special rate – choose from our great range of fixed and tracker rates
- Affordable repayments - you can choose to spread repayments over your mortgage term
- Whatever your plans – your loan can be used for a whole range of purposes
It couldn't be easier to take out a Further Advance.
To view our range of products simply choose the appropriate loan to value (LTV). LTV is the proportion of the value or price of the property (whichever is the lower) that you borrow on a mortgage. So for example, if your home is worth £100,000 and you're looking for a £70,000 mortgage, your LTV would be 70%.
Take a look at the deals available:
| Loan to value | All products up to £7,500,000 |
| Up to 75% | |
| Up to 80% |
Our rates vary depending on how much you borrow and what your property is worth.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Fixed Rates
If you want security of knowing that the interest rate you pay won't change, a fixed rate mortgage could be just the thing.
Tracker Rates
If you want to be able to take advantage of lower interest rates if they go down, a tracker mortgage, which tracks the Bank of England base rate, could be what you need. But remember, interest rates can also go up.
Discounted rates
The rate of interest charged will be at Halifax Standard Variable Rate (SVR), less a discount of a set percentage for a set period of time. Because the rate is linked to SVR the rate may go up as well as down.
See your repayments at a glance:
Our monthly repayment table below gives you an indication of how affordable your repayments could be. The interest rate is variable which means your payments can go up as well as down. There is a £99 Arrangement Fee. You can pay this upfront or add it on to the loan - it's up to you. If you add the fee on to the loan you will be charged interest.
|
Amount of Further Advance |
10 years |
15 years |
20 years |
|
£5,000 |
£50.62 |
£36.98 |
£30.29 |
|
£10,000 |
£101.25 |
£73.97 |
£60.60 |
|
£15,000 |
£151.87 |
£110.95 |
£90.90 |
|
£20,000 |
£202.49 |
£147.94 |
£121.20 |
|
£30,000 |
£303.74 |
£221.91 |
£181.79 |
|
£50,000 |
£506.23 |
£369.84 |
£302.99 |
The overall cost for comparison is 4.3% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Next Steps
We're on hand to help – call us on 08458 50 37 09 with any questions.
We may monitor and record telephone calls to help us provide a higher level of service.
