Definitions for "Further advance"
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.
Keywords:  guarantor, rent, ground
Ground Rent Guarantor
a particular term to depict increasing the amount of my mortgage