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:
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.
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.