With Frost Financial Services, Getting A Further Advance Can Be Easy

The Process For Getting A Further Advance On A Mortgage

If you are thinking about a re-mortgage to raise money for home improvements or another purpose then a further advance may be more suitable to your requirements. A further advance is where your current lender leaves your existing mortgage and remaining term in place and then provides you with a top up mortgage of the amount required. This will run alongside your existing scheme without the need to go to an alternative lender. You can spread your payment over a long term and your interest rate should be lower than a personal loan.

Further Advance Loans Good For Paying Off Debts

Consider the alternatives first. Increasing your mortgage for home improvements might add value to your property but using a further advance to pay off debts is rarely a good idea. The additional loan would be linked to your property, which you could lose if you weren’t able to keep up your extra loan payments.

Even though interest rates on mortgages are normally lower than rates on personal loans – and much lower than credit cards – you could end up paying far more in the longer term. Before looking to borrow against your property, try to prioritise and clear your loans.

Why Frost Financial For A Loan

We give you the best deals

As loan brokers our task is to help you source a suitable loan by searching through all the products our panel of lenders offer to find the very best deals, only available to Frost Financial customers.

We find suitable loans

We take into account your personal circumstances, credit rating, other debts you may have and your home to find you a suitable loan.

We help anyone wanting a loan

We can help anyone who owns their own home to find a loan. Good or bad credit and a loan for any purpose, from consolidating existing debts to a loan for home improvements.

Contact our experts without delay

Our experts are on hand to help you! Enquire today by calling us on 01702 554028 or using our contact page.

    Mortgage advisers based in Hadleigh, Essex. We provide a large panel of lenders as well as loans, insurance and equity release.

    Frost Financial Services is authorised and regulated by the Financial Conduct Authority. Registration number: 300133.

    For residential mortgages, your home may be repossessed if you do not keep up repayments on your mortgage.

    With lifetime mortgages you retain 100% ownership. To understand the features and risks, ask for a personalised illustration.


    Frost Financial Services
    Endway House
    The Endway
    SS7 2AN


    Frost Financial Services
    01702 554028


    Equity Release
    01702 861970