Borrow on your home in the UK

Thinking about using your home’s equity for a second property?

If you own your home, you may be able to release equity to fund a new purchase, such as a holiday home, through a further advance. This allows you to access additional capital without needing to remortgage or sell your current property.

While this is a popular way to fund a dream home abroad, it is important to remember that a further advance is a loan secured against your home. Your home may be at risk if you do not keep up repayments on your mortgage or any other debt secured on it.