Islamic Further Advance Guide 2026
Your complete mortgage journey — every stage, every party, every document. Select your journey below and click any stage to learn more.
Written and reviewed by Sophie Harrison · Page last reviewed 8 April 2026
What are you doing?
What type?
Islamic / Sharia finance › Remortgage › Same provider › + Additional funds
Click any stage to learn more
Sourcing & research
Review the market: rates, criteria, affordability.
You research lenders and products — rates, fees, LTV tiers, and criteria eligibility. Compare your existing lender's further advance rates against remortgaging to a new lender. The new provider will structure the finance as a Sharia-compliant product. The legal transfer process is the same. Although you are staying with your existing lender, raising additional funds (a further advance) typically requires a full application, affordability assessment, and valuation. An affordability sense-check at this stage sets realistic expectations before any formal approach. Mortgage Compare models this for you across 40+ lenders instantly.
Not sure which? Read our broker vs going direct guide
Fact find & Sharia compliance review
Adviser assesses your financial position and recommends Sharia-compliant products.
Decision in principle (DIP)
High-level credit and affordability check with the finance provider.
Purpose of additional funds
Lender assesses the stated purpose and affordability of the further advance.
Full finance application
Complete application submitted to the Sharia-compliant finance provider.
Underwriting assessment
Offer or declineLender assesses the application. Valuation and conveyancing proceed alongside.
Application review
Underwriters verify income, credit, documents, and policy compliance.
Valuation & survey
Surveyor visits your property and reports to the lender.
Conveyancing (pre-offer)
Solicitor begins searches and enquiries before the offer arrives.
Finance offer
The finance provider commits to co-purchasing the property under a Sharia-compliant structure.
Legal processing
Solicitor registers the additional borrowing against the existing charge.
Completion
Further advance completes. Additional funds released.
First finance payment
First payment to the finance provider — comprising rental and capital acquisition.