Consider the cost of borrowing more.
A further advance is additional borrowing from your current lender secured against your home. It may have a different rate and term from your existing mortgage.
How DFM helps
We review your needs and circumstances, assess suitable options available to us and explain our recommendation and costs. If you choose to proceed, we support the application and the documents required.
What we consider with you
- Discuss the purpose and amount of additional borrowing.
- Consider the combined repayments and total borrowing cost.
- Ask about affordability, fees and alternatives.
Important considerations
Additional borrowing is subject to lender assessment. Your home may be repossessed if you do not keep up repayments on your mortgage.
We advise on a range of lenders available to us. We cannot access every lender or product; some lenders do not accept business from single-adviser firms.
General information, not a personalised recommendation.