Advance is short term bridging finance for self builders and renovators who will not require long term borrowing on their new home.

One feature which makes Advance particularly attractive is its flexible lending criteria which enables a wide range of self builders to take advantage of it.

Borrowing is based on the existing equity in your current house and your ability to pay the monthly interest on your short term loan, as evidenced by income or from savings and investments, or from a combination of them both.

This makes Advance perfect for people whose income is not sufficient to justify the full amount of the loan but who have savings or investments which can go towards paying the interest on the loan.

Borrow for up to three years: With Advance you can borrow for up to three years; two years to build your new home and one year to sell your current house. This gives you adequate time to complete your project. If you do finish your project and sell your current house earlier then there are no problems as you can repay your Advance loan at any time during the three years without a penalty.