Further Advances are requests for additional funds from your existing lender. Common reasons for this for doing this are home improvements, debt consolidation or purchase of a car/holiday. Re mortgaging, personal loans and further advances are all options when considering where and how to borrow additional funds. We would always recommend that you speak to an independent adviser to ascertain which is best for you.
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Think carefully before securing other debts against your home. Your home maybe repossessed if you do not keep up repayments on your mortgage.
