Second charge lending

A second charge is a loan secured against your property that already has a mortgage in place. This type of loan is typically taken out to raise further funds, often as an alternative to re-mortgaging. Like your main mortgage, the loan is paid back monthly, at an interest rate defined by your lender’s mortgage rates.

Second charge lending has become quite popular and, in many scenarios, this type of loan may be beneficial to you:

• If your mortgage is fixed or discounted, you may have high early repayment charges
• If your credit rating has fallen since taking out your current mortgage, a re-mortgage may be declined
• If you have a low interest rate on your current mortgage that you don’t want to lose
• A second charge loan can cover a different loan term compared to the main mortgage, allowing you to budget more effectively

We have access to a range of second charge lenders to ensure we identify the most suitable deal for you. Book a free 30-minute consultation with us today.


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