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01332 300300Mortgages
Further Advance and Secured Loan Calculator for Derbyshire and the UK
See how much extra you could borrow against your home. Compare a further advance from your current lender with a secured loan from a specialist lender. Based in Pride Park, Derby, we help homeowners across Derbyshire and the UK find the right way to raise money.
★★★★★ Rated 5 stars on Google | FCA Regulated (Ref: 706676) | Local, Derby-Based Advice | Call 01332 300300
Request a Callback
Leave your number and a Derby-based adviser will call you back, usually within one working day.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT
Work Out How Much You Could Borrow
Answer five questions. The notes next to each box explain what to enter and why it matters.
How this calculator works
We use two limits. Your total secured borrowing can be up to 6 times your yearly income, and up to 85% of your home’s value. The lower figure is your guide amount. Every lender checks your own income, spending and credit record, so the amount you are offered may be lower.
Reviewed by Suzanne Bradshaw, Director, Mortgage & Finance Arena. Last updated September 2026.
You could borrow up to
£0
Loan to value now
0%
Loan to value after
0%
Total secured borrowing after
£0
How We Worked It Out
We work out two limits and use the lower one.
| Limit | Maximum total borrowing | Less what you owe | Extra you could borrow |
|---|
What Might the Monthly Payments Be?
Change the amount, term or rates to see a rough monthly cost. The rates are examples you can change, not a quote.
Further advance
Extra borrowing from your current lender. Rates are often close to your mortgage rate, but you need a clean credit record and your lender must agree.
£0 a month
Secured loan
A separate loan from a specialist lender. Your mortgage stays as it is. Rates are usually higher, but lenders can be more flexible on credit history.
£0 a month
Capital and interest repayments over the full term at a fixed example rate. Real rates depend on the lender, your credit record and loan to value. Fees are not included. The cost is on top of your current mortgage payment.
Want Us to Find the Best Option for You?
We compare further advances, secured loans and remortgages to find the one that suits you. Leave your details and a Derby-based adviser will call you, usually within one working day.
Guide only. Not a quote, offer or recommendation.
Further Advance or Secured Loan?
Both let you borrow against your home. The right one depends on your current mortgage, your credit record and how much you need.
| Further advance | Secured loan | |
|---|---|---|
| Who lends | Your current mortgage lender | A separate specialist lender. Also called a second charge mortgage |
| Your current deal | Stays in place. The extra sits alongside it, often on its own rate | Stays in place and is not touched at all |
| Rates | Often close to your lender’s normal mortgage rates | Usually higher, but can still cost less than an unsecured loan or credit card |
| Credit record | Your lender checks it. A few missed payments may mean a no | Some lenders accept past credit problems |
| Speed | Often a few weeks | Often two to four weeks |
| Good for | Borrowers with a clean record whose lender will lend more | People tied into a good rate, turned down by their lender, self-employed or with credit issues |
A remortgage to a new lender can also raise money, and may be cheaper if your current deal is ending. As independent brokers, we compare all three for you.
Local Advice in Derbyshire
Our advisers work from Pride Park in Derby. We help homeowners across the county raise money for home improvements, family plans and more, with advice on which type of borrowing suits them best.
Advice Across the UK
Not in Derbyshire? We arrange further advances and secured loans across the UK by phone and video call, with the same service and support.
Derby · Belper · Ripley · Heanor · Ilkeston · Long Eaton · Swadlincote · Alfreton · Matlock · Ashbourne · Chesterfield · Buxton
Further Advance and Secured Loan FAQs
A further advance is extra money borrowed from your current mortgage lender, secured on your home. It usually sits alongside your main mortgage on its own rate and term.
A secured loan, or second charge mortgage, is a loan from a different lender that is also secured on your home. Your main mortgage stays as it is.
Our calculator uses up to 6 times your income and up to 85% of your home’s value across all your secured borrowing. Lenders also check what you spend each month and your credit record, so many will lend less.
A secured loan leaves your mortgage untouched. A further advance also leaves your main deal in place, but the extra part may be on a different rate. Neither usually means paying an early repayment charge.
It may be possible. Some secured loan lenders look at past credit problems case by case. Rates are usually higher. We can tell you which lenders are likely to help.
Think carefully before securing other debts against your home. It can lower your monthly payments, but paying over a longer term can cost more in total. Your home may be repossessed if you do not keep up repayments. We will talk through the risks with you.
A further advance often takes a few weeks. A secured loan often takes two to four weeks, depending on the valuation and paperwork.
Have a Question? Get in Touch
Prefer to tell us more about your plans first? Send us a message and a Derby-based adviser will get back to you directly.
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Want Advice Based on Your Own Circumstances?
Speak to one of our advisers for a personal recommendation, not just a guide figure.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. This calculator gives a guide only. It is not a quote, an offer of a loan or a personal recommendation. Lenders set their own rules and will check your income, spending and credit record. Mortgage & Finance Arena Ltd is authorised and regulated by the Financial Conduct Authority (FCA No. 706676).