In an update, the lender said the new and improved further advance application process would “better enable you to support existing Halifax mortgage customers looking for additional borrowing”.
The process includes instant decisioning with a decision in principle (DIP) with a “soft footprint” credit search, and allows brokers to create and review illustrations instantly.
The further advance process will also save and resume keying and give brokers the ability to change the loan amount and other details before they submit an application in full.
Brokers can access the improved further advance process on the lender’s online page for intermediaries .
They will click ‘Create further advance’ as normal and the online system will fact-find questions automatically to identify whether an application can use the new or existing process.
Halifax has been making several changes in the last few months, lowering its product transfer future dating window to four months and altering its credit to accept foster care income into affordability calculations.
