Opening Hours: Mon-Fri 8:30-17:00

WHAT IS A SECOND CHARGE MORTGAGE?

Known also as Secured Loans and Homeowner Loans, can be raised for any legal purpose secured against your property.

Residential and Buy to Let Second Charge Mortgages

A residential second charge mortgage maybe something that you wish to consider if you are looking to:

 

  • Carry out home improvements
  • Consolidate existing unsecured loans and credit cards
  • Paying for that dream holiday or wedding
  • Cash injection for your business
  • Vehicle purchase
  • Looking to purchase investment property
  • Deposits for investment property or to help your children purchase their property
  • Repay tax bills
  • Any legal purpose

When could a Second Charge Mortgage be suitable for you?

A second charge mortgage maybe something that you wish to consider if any of the following applies:

 

  • You are tied into your mortgage with heavy redemption penalties
  • You have a competitive mortgage rate
  • You have an interest only mortgage
  • You need a larger sum over a longer term to bring the monthly cost down
  • You need funds quickly
  • Your credit status has changed since your last mortgage application

We do not charge for the initial consultation. We charge an upfront fee of £49 which is refunded on completion. We charge a fee of 4% of the loan amount typically this is a minimum of £995 to a maximum of £2995.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT IF YOU ARE EXTENDING THE TERM OF THE DEBT YOU MAY BE INCREASING THE TOTAL AMOUNT YOU NEED TO REPAY.

WE ARE HERE TO HELP YOU

If you would like any more information or require one of our services, please get in touch below.

Head Office

Unit 6, Cristal Business Centre
Knightsdale Road, Ipswich, IP1 4JJ