Mortgage advice
Second Charge Loans
A specialist form of borrowing secured against a property alongside an existing mortgage.
Personal adviceA clear recommendation, built around your circumstances.
- Advice shaped around you
- Lender research handled
- Support through to completion
What you need to know
What is a second charge loan?
Second charge loans can be secured against residential or buy-to-let properties. The lender has a second call on the property if the borrower defaults, behind the lender holding the first mortgage.
Second charges are generally more expensive than first-charge mortgages, but they may be considered by people seeking to raise capital where their existing lender will not provide further finance or where remortgaging would trigger significant early repayment charges.
Things to consider
The interest rate, fees, repayment term, affordability and the total amount repayable all need careful consideration. Adding borrowing secured on your property increases the amount you owe and may extend the period over which you repay it.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. SOME BUY-TO-LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.
Our process
How Can Our Team Help You to Reach Your Goals
- 01
Understand your plans
We start with your goals, deposit, budget and timescales so the advice is grounded in your real situation.
- 02
Research the market
Your adviser reviews suitable lenders, criteria and product features before explaining the strongest options clearly.
- 03
Prepare the application
We help organise the details and documents a lender needs, then submit and manage the application with you.
- 04
Move towards completion
We stay close to the case, answer questions and help keep everyone aligned through offer and completion.
Your advice team
Meet the people behind your advice
Anandan Oliyath
Mortgage & Protection Advisor
Armstrong Mbazang
Mortgage & Protection Advisor
Bhim Bashyal
Mortgage & Protection Advisor
Bino Job
Protection Advisor
Ready when you are
Let’s make your next decision feel clearer.
Start with a straightforward conversation about where you are and what you want to achieve.
