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Halifax Further Advance

from Gordon Bennet (arsenewhinger@hotmail.com)
In 1989 I took out a Further Advance loan from the Halifax whose premiums were joined to the mortgage repayment premiums and an additional MIG premium was levied. I understand that the Further Advance was secured against the increased equity in my home at that time. Part of the shortfall claimed by the Halifax is due to this additional loan. Does anybody know if the Halifax Further Advance is a simple loan (6 year limit) or is classed as a mortgage (specialty debt ie 12 year limit)?
(posted 8005 days ago)

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