A Further Advance is when you take on additional borrowing from your current mortgage lender.

It is typically on a different rate to your main mortgage and you will need to consider what Further Advance products your mortgage lender offers.  

If you aren't sure, it's recommended that you seek advice from a Financial Advisor. Our trusted partner, Concept Financial Services can provide reliable, comprehensive advice. Alternatively, there are links to point you in the right direction displayed at the bottom of this page.

This can vary, depending on your mortgage lender. At Dudley Building Society, there are a variety of options (subject to your type of mortgage) that can be supported by additional borrowing. These include: 

• Home improvements, either structural or non-structural
• Buying items such as a new car, furniture or white goods 
• Carrying out changes to make your home more energy efficient

In addition, you could: 

• Purchase additional/final shares for your Shared Ownership property 
• Purchase land, extending, or separate to, your current security
• Pay for school fees 
• Repay secured or unsecured debts

Thinking of something else?  The above are only some examples of ways you could use a Further Advance. Speak to our trusted partner, Concept Financial Services or your own Independent Financial Advisor, for full details of what might be available for you.

Think carefully before securing other debts against your home.

To ensure you are getting the right advice, a reliable financial advisor will be able to help support you through how you can obtain additional borrowing.  

Our trusted partner, Concept Financial Services, can help you or, if you already have your own Independent Financial Advisor, they will be able to review your current circumstances and can contact us directly for further information.  

Either way, we have products available that can provide additional borrowing on your current mortgage with us and help continue to support your future plans and dreams.

Yes! We have new, dedicated Energy Efficient products, which can help you carry out a range of energy efficient improvements, such as: 

• Insulation
• Double glazing
• Solar panels
• Window improvements 
• Boiler upgrades

Improving the energy efficiency of your home will improve your EPC (Energy Performance Certificate), and may lower the cost of your energy bills.

The government offers a free-to-use tool, where you can enter your postcode to see what your property's current EPC rating is, in addition to the energy performance, environmental impact, possible improvements, and estimated potential energy savings.

Find out your EPC rating

If you are interested in improving the energy efficiency of your home you can make an enquiry through our trusted partner, Concept Financial Services or through your own Independent Financial Advisor.