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Further Advance Guide

Residential further advances

View our residential additional borrowing rates.

  • CHAPS fee deducted from loan
  • Breakdown of borrowing required
  • Exclusions on use of funds
    • Up to 90% LTV
    • Minimum loan £15,000
    • No maximum loan amount
    • Porting available
    • Repayment terms available
    • Interest-only/part and part terms by exception
MSV LTV Type Term Initial rate Fee ERC Product code
75% Fixed 2 6.49% 0.5%

Yes

 03241 KFAR2411
75% Fixed 5 6.34% 0.5%

Yes

 03242 KFAR2411
80% Fixed 2 6.54% 0.5%

Yes

 03243 KFAR2411
80% Fixed 5 6.39% 0.5%

Yes

 03244 KFAR2411
85% Fixed 2 6.79% 0.5%

Yes

 03245 KFAR2411
85% Fixed 5 6.49% 0.5%

Yes

 03246 KFAR2411
90% Fixed 2 7.14% 0.5%

Yes

 03247 KFAR2411
90% Fixed 5 6.84% 0.5%

Yes

 03248 KFAR2411
MSV LTV Type Initial rate Term Fee ERC Product code
75% Fixed 6.49% 2 0.5%

Yes

 03241 KFAR2411
75% Fixed 6.34% 5 0.5%

Yes

 03242 KFAR2411
80% Fixed 6.54% 2 0.5%

Yes

 03243 KFAR2411
80% Fixed 6.39% 5 0.5%

Yes

 03244 KFAR2411
85% Fixed 6.79% 2 0.5%

Yes

 03245 KFAR2411
85% Fixed 6.49% 5 0.5%

Yes

 03246 KFAR2411
90% Fixed 7.14% 2 0.5%

Yes

 03247 KFAR2411
90% Fixed 6.84% 5 0.5%

Yes

 03248 KFAR2411

 

Acceptable credit criteria

County court judgments * 0 in the last 24 months
Defaults * 0 in the last 24 months
County court judgments and defaults ignored when one of the following applies <£300 in total and satisfied > 12 months prior to the application
Registered > 24 months whether satisfied or not
Missed mortgage/secured loan payments 0 in the last 12 months and currently up to date
Unsecured arrears 2 in the last 12 months and currently up to date
Maximum status Currently up to date. Previous maximum status ignored
Communication, utility & mail order Performance ignored where the account balance is less than £500 (Single or in aggregate)
Debt management plans Satisfactorily conducted for minimum of 12 months
IVA/DRO/bankruptcy Not acceptable
Repossessions Not acceptable
Max plan LTV 90%

* All CCJs and defaults must be paid prior to the application or must meet our ignore CCJ/default criteria

Terms and conditions

Application fee £145 payable at time of application. This is to cover assessing and processing the application (even if the application is unsuccessful or is withdrawn). CHAPS fee deducted from loan. Please note that applications will not be processed until this fee is received.

The mortgage will revert to a rate of interest which will be at a variable rate above the Bank of England Base Rate (“BBR”) for the remainder of the loan. The rate will move up and down in line with BBR but if BBR falls below 0.00% the rate the customer is charged won’t change. Please refer to individual products for details on the rates applicable.

If your client makes any lump sum payments or repays the loan within a special deal period, an early repayment charge may be payable. Please refer to the early repayment charge section of the table for details. Payments up to a maximum of £499 per month can be made without incurring an early repayment charge.

A list of our fees and charges accompanies all Key Facts Illustrations (KFI).

Monthly interest - If your main mortgage account was taken on a monthly interest basis, then your Further Advance account will also incur interest monthly. Interest is added to the mortgage account for the period from the date the loan was made until the last day of that month. Thereafter, interest is charged monthly on the balance outstanding at the end of the last month. Your Mortgage Offer will have clarified any specific conditions in relation to how interest is charged. Payments in excess of the required monthly payment will have the effect of reducing the balance outstanding and the amount of interest to be paid.

Daily interest - If your main mortgage account was taken on a daily interest basis, then your Further Advance account will also incur interest daily. Interest is calculated daily on the sum outstanding at the end of the preceding day. Your Mortgage Offer will have clarified any specific conditions in relation to how interest is charged. Payments in excess of the required monthly payment will have the effect of reducing the balance outstanding and the amount of interest to be paid.

All mortgage products are subject to availability of funds and can be withdrawn at any time.

For interest only or part repayment/part interest only, it's your client's responsibility to ensure they have sufficient funds available at the end of the term with which to repay the loan.

All loans are subject to availability, status, valuation and approval, and are available in England and Wales only. Applicants must be aged 18 or over. Maximum age at the end of the mortgage term is 85. Written quotations are available on request.

OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504).

Download the full mortgage terms and conditions.

YOUR CLIENT'S HOME MAY BE REPOSSESSED IF THEY DO NOT KEEP UP REPAYMENTS ON THEIR MORTGAGE

    • Up to 95% LTV
    • Minimum loan £15,000
    • No maximum loan amount
    • Porting available
    • Repayment terms available
    • Interest-only/part and part terms by exception
MSV LTV Type Term Initial rate Fee ERC Product code
75% Fixed 2 6.19% 0.5%

Yes

 03231 KFAR2411
75% Fixed 5 6.24% 0.5%

Yes

 03232 KFAR2411
80% Fixed 2 6.24% 0.5%

Yes

 03233 KFAR2411
80% Fixed 5 6.29% 0.5%

Yes

 03234 KFAR2411
85% Fixed 2 6.59% 0.5%

Yes

 03235 KFAR2411
85% Fixed 5 6.39% 0.5%

Yes

 03236 KFAR2411
90% Fixed 2 6.94% 0.5%

Yes

 03237 KFAR2411
90% Fixed 5 6.64% 0.5%

Yes

 03238 KFAR2411
95% Fixed 2 7.34% 0.5%

Yes

 03239 KFAR2411
95% Fixed 5 7.14% 0.5%

Yes

 03240 KFAR2411
MSV LTV Type Initial rate Term Fee ERC Product code
75% Fixed 6.19% 2 0.5%

Yes

 03231 KFAR2411
75% Fixed 6.24% 5 0.5%

Yes

 03232 KFAR2411
80% Fixed 6.24% 2 0.5%

Yes

 03233 KFAR2411
80% Fixed 6.29% 5 0.5%

Yes

 03234 KFAR2411
85% Fixed 6.59% 2 0.5%

Yes

 03235 KFAR2411
85% Fixed 6.39% 5 0.5%

Yes

 03236 KFAR2411
90% Fixed 6.94% 2 0.5%

Yes

 03237 KFAR2411
90% Fixed 6.64% 5 0.5%

Yes

 03238 KFAR2411
95% Fixed 7.34% 2 0.5%

Yes

 03239 KFAR2411
95% Fixed 7.14% 5 0.5%

Yes

 03240 KFAR2411

 

To find out more about the types of professions we'll consider click here.

 

Acceptable credit criteria

County court judgments * 0 in the last 36 months
Defaults * 0 in the last 36 months
Missed mortgage/secured loan payments 0 in the last 12 months and currently up to date
Unsecured arrears 0 in the last 12 months and currently up to date
Maximum status Must be currently up to date. Maximum 2 down in last 24 months
Debt management plans Not acceptable
IVA/DRO/bankruptcy Not acceptable
Repossessions Not acceptable
Max plan LTV 95%

* Must be satisfied prior to mortgage application. Ignore if: <£300 in total and satisfied

Terms and conditions

Application fee £145 payable at time of application. This is to cover assessing and processing the application (even if the application is unsuccessful or is withdrawn). CHAPS fee deducted from loan. Please note that applications will not be processed until this fee is received.

On expiry of the fixed rate product, the mortgage will revert to a rate of interest which will be at a variable rate above the Bank of England Base Rate (“BBR”) for the remainder of the loan. The rate will move up and down in line with BBR but if BBR falls below 0.00% the rate the customer is charged won’t change. Please refer to individual products for details on the rates applicable.

If your client makes any lump sum payments or repays the loan within a special deal period, an early repayment charge may be payable. Please refer to the early repayment charge section of the table for details. Payments up to a maximum of £499 per month can be made without incurring an early repayment charge.

A list of our fees and charges accompanies all Key Facts Illustrations (KFI).

Interest is added to the mortgage account for the period from the date the loan is made until the last day of that month. Thereafter, interest is charged monthly on the balance outstanding at the end of the last month. Payments in excess of the required monthly payment will have the effect of reducing the balance outstanding and the amount of interest to be paid.

All mortgage products are subject to availability of funds and can be withdrawn at any time.

For interest only or part repayment/part interest only, it's your client's responsibility to ensure they have sufficient funds available at the end of the term with which to repay the loan.

All loans are subject to availability, status, valuation and approval, and are available in England and Wales only. Applicants must be aged 18 or over. Maximum age at the end of the mortgage term is 85. Written quotations are available on request.

OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504).

Download the full mortgage terms and conditions.

YOUR CLIENT'S HOME MAY BE REPOSSESSED IF THEY DO NOT KEEP UP REPAYMENTS ON THEIR MORTGAGE

    • Up to 85% LTV
    • Minimum loan £15,000
    • Maximum loan £1,500,000
    • Porting available
    • Repayment terms available
    • Interest-only/part and part terms by exception
MSV LTV Type Term Initial rate Fee ERC Product code
75% Fixed 2 6.69% 0.5%

Yes

 03249 KFAR2411
75% Fixed 5 6.69% 0.5%

Yes

 03250 KFAR2411
80% Fixed 2 6.74% 0.5%

Yes

 03251 KFAR2411
80% Fixed 5 6.74% 0.5%

Yes

 03252 KFAR2411
85% Fixed 2 7.14% 0.5%

Yes

 03253 KFAR2411
85% Fixed 5 6.84% 0.5%

Yes

 03254 KFAR2411
MSV LTV Type Initial rate Term Fee ERC Product code
75% Fixed 6.69% 2 0.5%

Yes

 03249 KFAR2411
75% Fixed 6.69% 5 0.5%

Yes

 03250 KFAR2411
80% Fixed 6.74% 2 0.5%

Yes

 03251 KFAR2411
80% Fixed 6.74% 5 0.5%

Yes

 03252 KFAR2411
85% Fixed 7.14% 2 0.5%

Yes

 03253 KFAR2411
85% Fixed 6.84% 5 0.5%

Yes

 03254 KFAR2411

 

To find out more about the types of professions we'll consider click here.

 

Acceptable credit criteria

County court judgments * 85% LTV
0 in the last 12 months (1 in the last 24 months)*
* All CCJs must be paid prior to the application or must meet our ignore CCJ criteria.

80% LTV
0 in the last 6 months (2 in the last 24 months)*
* All CCJs must be paid prior to the application or must meet our ignore CCJ criteria.
Defaults * 85% LTV
0 in the last 12 months (1 in the last 24 months)*
* All defaults must be paid prior to the application or must meet our ignore default criteria.

80% LTV
0 in the last 6 months (1 in the last 24 months)*
* All defaults must be paid prior to the application or must meet our ignore default criteria.
Missed mortgage/secured loan payments 85% LTV
0 in the last 12 months and currently up to date.

80% LTV
0 in 6 months and currently up to date.
County court judgments and defaults ignored when one of the following applies Less than £300 in total and satisfied.
Satisfied more than 12 months ago.
Registered more than 24 months ago whether satisfied or not.
Unsecured arrears 2 in the last 12 months and currently up to date.
Maximum status Currently up to date. Previous maximum status ignored.
Communication, utility and mail order Performance ignored where the account balance is less than £500 (single or in aggregate).
Debt management plans Satisfactorily conducted for minimum of 12 months.
IVA/DRO/bankruptcy 85% LTV
More than 6 years discharged.

80% LTV
More than 3 years discharged.
Repossessions Not acceptable
Max plan LTV 85%

* Must be satisfied prior to mortgage application. Ignore if: <£300 in total and satisfied

Terms and conditions

Application fee £145 payable at time of application. This is to cover assessing and processing the application (even if the application is unsuccessful or is withdrawn). CHAPS fee deducted from loan. Please note that applications will not be processed until this fee is received.

The mortgage will revert to a rate of interest which will be at a variable rate above the Bank of England Base Rate (“BBR”) for the remainder of the loan. The rate will move up and down in line with BBR but if BBR falls below 0.00% the rate the customer is charged won’t change. Please refer to individual products for details on the rates applicable.

If your client makes any lump sum payments or repays the loan within a special deal period, an early repayment charge may be payable. Please refer to the early repayment charge section of the table for details. Payments up to a maximum of £499 per month can be made without incurring an early repayment charge.

A list of our fees and charges accompanies all Key Facts Illustrations (KFI).

Monthly interest - If your main mortgage account was taken on a monthly interest basis, then your Further Advance account will also incur interest monthly. Interest is added to the mortgage account for the period from the date the loan was made until the last day of that month. Thereafter, interest is charged monthly on the balance outstanding at the end of the last month. Your Mortgage Offer will have clarified any specific conditions in relation to how interest is charged. Payments in excess of the required monthly payment will have the effect of reducing the balance outstanding and the amount of interest to be paid.

Daily interest - If your main mortgage account was taken on a daily interest basis, then your Further Advance account will also incur interest daily. Interest is calculated daily on the sum outstanding at the end of the preceding day. Your Mortgage Offer will have clarified any specific conditions in relation to how interest is charged. Payments in excess of the required monthly payment will have the effect of reducing the balance outstanding and the amount of interest to be paid.

All mortgage products are subject to availability of funds and can be withdrawn at any time.

For interest only or part repayment/part interest only, it's your client's responsibility to ensure they have sufficient funds available at the end of the term with which to repay the loan.

All loans are subject to availability, status, valuation and approval, and are available in England and Wales only. Applicants must be aged 18 or over. Maximum age at the end of the mortgage term is 85. Written quotations are available on request.

OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504).

Download the full mortgage terms and conditions.

YOUR CLIENT'S HOME MAY BE REPOSSESSED IF THEY DO NOT KEEP UP REPAYMENTS ON THEIR MORTGAGE

    • For staircasing only
    • Not available for personal borrowing
    • Repayment terms available
    • Interest-only/part and part terms unavailable
    • Up to 75% LTV
    • Loans of £15,000 to £1,000,000
MSV LTV Type Term Initial rate Fee ERC Product code
90% 75% Fixed 2 6.74% £0

Yes

 03255 KFAS2411
95% 75% Fixed 2 6.79% £0

Yes

 03256 KFAS2411
100% 75% Fixed 2 6.84% £0

Yes

 03257 KFAS2411
90% 75% Fixed 5 6.59% £0

Yes

 03258 KFAS2411
95% 75% Fixed 5 6.64% £0

Yes

 03259 KFAS2411
100% 75% Fixed 5 6.69% £0

Yes

 03260 KFAS2411
MSV LTV Type Initial rate Term Fee ERC Product code
90% 75% Fixed 6.74% 2 £0

Yes

 03255 KFAS2411
95% 75% Fixed 6.79% 2 £0

Yes

 03256 KFAS2411
100% 75% Fixed 6.84% 2 £0

Yes

 03257 KFAS2411
90% 75% Fixed 6.59% 5 £0

Yes

 03258 KFAS2411
95% 75% Fixed 6.64% 5 £0

Yes

 03259 KFAS2411
100% 75% Fixed 6.69% 5 £0

Yes

 03260 KFAS2411

 

Acceptable credit profile

Missed mortgage/rent arrears In the last 12 months aren’t normally accepted but may be considered subject to individual case assessment.
Unsecured arrears Not counted*
County court judgments or registered defaults None in the last 36 months. Must be satisfied prior to mortgage application.
These are acceptable where one of the following applies:
• All CCJs/defaults were registered more than three years ago and satisfied prior to mortgage application
• All CCJs/defaults were satisfied more than 12 months prior to application regardless of date of registration
• The CCJs/defaults in aggregate amount to less than £300, regardless of date of registration, and satisfied prior to mortgage application
Individual voluntary arrangement (IVA) and discharged bankrupts IVA/bankrupts who have been discharged over three years ago and who have no residual debt may be accepted subject to individual case assessment.
Repossessions Not acceptable.
Debt management plans Not acceptable.

* Whilst unsecured arrears are not counted, we reserve the right to consider on a case-by-case basis as part of the full underwrite.

Terms and conditions

Application fee £145 payable at time of application. This is to cover assessing and processing the application (even if the application is unsuccessful or is withdrawn). CHAPS fee deducted from loan. Please note that applications will not be processed until this fee is received.

The mortgage will revert to a rate of interest which will be at a variable rate above the Bank of England Base Rate (“BBR”) for the remainder of the loan. The rate will move up and down in line with BBR but if BBR falls below 0.00% the rate the customer is charged won’t change. Please refer to individual products for details on the rates applicable.

If your client makes any lump sum payments or repays the loan within a special deal period, an early repayment charge may be payable. Please refer to the early repayment charge section of the table for details. Payments up to a maximum of £499 per month can be made without incurring an early repayment charge.

A list of our fees and charges accompanies all Key Facts Illustrations (KFI).

Monthly interest - If your main mortgage account was taken on a monthly interest basis, then your Further Advance account will also incur interest monthly. Interest is added to the mortgage account for the period from the date the loan was made until the last day of that month. Thereafter, interest is charged monthly on the balance outstanding at the end of the last month. Your Mortgage Offer will have clarified any specific conditions in relation to how interest is charged. Payments in excess of the required monthly payment will have the effect of reducing the balance outstanding and the amount of interest to be paid.

Daily interest - If your main mortgage account was taken on a daily interest basis, then your Further Advance account will also incur interest daily. Interest is calculated daily on the sum outstanding at the end of the preceding day. Your Mortgage Offer will have clarified any specific conditions in relation to how interest is charged. Payments in excess of the required monthly payment will have the effect of reducing the balance outstanding and the amount of interest to be paid.

All mortgage products are subject to availability of funds and can be withdrawn at any time.

These mortgage products are only available on a repayment basis.

All loans are subject to availability, status, valuation and approval, and are available in England and Wales only. Applicants must be aged 18 or over. Maximum age at the end of the mortgage term is 85. Written quotations are available on request.

OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504).

Download the full mortgage terms and conditions.

YOUR CLIENT'S HOME MAY BE REPOSSESSED IF THEY DO NOT KEEP UP REPAYMENTS ON THEIR MORTGAGE

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