This is when you register a further bond over your property to get additional funds.
You can sometimes have the facility to borrow further funds once you have been paying your mortgage for a set period of time, especially with a flexible mortgage. A fee is charged by your lender to cover the cost of assessing the merits of your application. Costs £50 - £100
This describes when a further loan has been granted by the current mortgage lender. This loan is also secured by the first charge on the property. Further advances are generally used for debt consolidation or home improvements.
In addition to your initial advance, this is further borrowing against your property.
When the lender makes available additional funds (in the form of a new loan) to the borrower which are included in the first charge on the property. ( )
a cost-effective way to finance other purchases (consolidate your more expensive debt into your home loan)
An additional amount loaned to an Owner after completion on broadly the terms of the original mortgage
This is when you register a further bond over the property in order to obtain additional funds.
An additional loan to your existing mortgage taken after the main mortgage has completed which is also secured against the property. Gazumping When a seller pulls out of a sale after accepting a higher offer.
This is the process of borrowing additional money against a property. Back to the Top
This is an additional loan made by the existing mortgage lender and secured by the first charge on the property. The Further Advance can be used for a variety of purposes (subject to the lenders approval) such as home improvement, purchase of freehold or personal purposes, such as debt consolidation.
Further borrowing secured against your property, in addition to your initial mortgage advance.
This is where a lender can make an additional loan to the borrower, often for the purposes of making home improvements or to consolidate debt. The additional loan will be included with the main mortgage within the first charge on the property.
An additional amount borrowed, with the mortgaged property as security.
This describes when the current mortgage lender has granted a further loan. This loan is also secured by the first charge on the property. Further advances are generally used for debt consolidation or home improvements.
AN ADDITIONAL AMOUNT BORROWED BY YOU SOMETIME AFTER COMPLETION OF YOUR MORTGAGE - POSSIBLY FOR AN EXTENSION OR HOME IMPROVEMENTS.
An additional loan by the lender to the borrower, which may be for any purpose and secured by the existing mortgage deed.
Is any sum of money lent by us as additional borrowing after the original loan. Gross interest for savings accounts The Gross rate is the contractual rate of interest payable before deduction of income tax at the rate specified by law (currently 20%).
