Second charges

A second mortgage can be a low-cost alternative to an unsecured loan or a re-mortgage when raising funds for virtually any purpose. Working in the same way as your first mortgage and governed by the same rules a second mortgage can be useful where:

  • You are locked into your current mortgage deal by early repayment charges or simply a great product or rate
  • Your circumstances have changed since your original borrowing and re-mortgage rates are unattractive
  • The extra amount you want to borrow is small in relation to your existing mortgage, but it means all of your borrowing will attract a higher interest rate
  • You want a longer term to repay the loan, reducing the monthly repayment to fit a budget

Second mortgages are available to homeowners and landlords and can be secured on owner-occupied property and Buy to Lets. They can be quick to arrange and typically come without any upfront fees or hidden costs.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

We will charge a fee of between £0 and £995. The amount we will charge is dependent on the amount of research and administration that is required. This fee is payable on receipt of a mortgage offer.

Need help? Call or email us and we'll be happy to help with your enquiry.