Secured Lending
Looking to source extra funds without remortgaging? Access equity in your property without disrupting your existing mortgage. A second charge loan offers financial flexibility without sacrificing your current rate.
A second charge mortgage is a loan secured against your property that sits behind your main mortgage. A popular form of top-up finance, it allows homeowners to free up equity without affecting their main mortgage agreement. Unlike remortgaging, a second charge mortgage doesn't sacrifice your current mortgage rate and lender to access additional funds.
This often makes it the preferred option for borrowers who want flexibility and to keep their first mortgage deal intact — particularly where early repayment charges on the existing mortgage would be prohibitive.
The process starts with your application, where the lender assesses your income, credit profile and the value of your property. Once approved, a formal offer is issued setting out the rates, fees and terms. Solicitors then carry out all relevant searches and draw up the mortgage deed, and funds are typically released within two to three weeks — some lenders can release within 48 hours.
You can borrow from £25,001 to £2.5m, with LTV up to 100% and rates starting from 5.49% per annum. Deals can be turned around in as little as two weeks, and residential, buy-to-let and commercial property are all accepted. All types of credit history are considered, with loan terms from 1 to 25 years and low or no early repayment charges.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
Rates, loan sizes and terms shown are indicative, depend on your circumstances and the property, and are subject to lender approval.
Keep your existing fixed rate and borrow additional funds separately without triggering early repayment penalties.
Fund significant renovations, extensions or improvements that add lasting value to your property.
Consolidate expensive unsecured debts into one manageable secured payment, often at a lower rate.
Raise working capital or fund business investment quickly using your property equity as security.
Cover HMRC liabilities quickly with a secured loan where unsecured borrowing would be insufficient or unavailable.
Access finance when a remortgage may be declined due to changes in your credit profile since the original mortgage.
We welcome every enquiry. With access to a wide panel of specialist lenders, it is always worth a conversation to see how we can help.
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