Second Charge

Helping you to raise funds without remortgaging

A second charge mortgage works just like a normal mortgage. It’s secured against your property and you will make monthly repayments until the full loan and interest is paid back. The beauty of this type of mortgage though is that you can raise funds for any legal purpose without disturbing your current mortgage. For example, home improvements, debt consolidation or a deposit for a buy to let.

Second charge mortgages can offer the ideal alternative to a remortgage or other types of unsecured loans. With competitive rates they can be a much more cost effective way of borrowing, especially if you already have an existing first charge mortgage with high early redemption charges or you have an attractive interest rate that you do not want to lose.

If you have been declined by your current mortgage lender for a remortgage or further advance due to bad credit then don’t despair. We work with lenders who offer competitively priced second charge mortgage products for borrowers with current and past bad credit. Rates and criteria are really competitive and our team can access a wide range of  lenders in the marketplace, so you can feel rest-assured that we will get you a competitive deal.

Think carefully before securing other debts against your property; your property may be repossessed if you do not keep up repayments on your mortgage