Second Charge Mortgages

We’re second charge mortgage specialists and have a team of expert brokers ready to help with your requirements. We can quickly search the market place to find you the best deal from across the majority of the lenders available.

Can I get a second mortgage with bad credit?

Yes. Interest rates for bad credit applicants are higher, however there are a range of lenders who provide second charge mortgages for bad credit applicants. If you have adverse credit issues then make an equiry here on the website and a broker will be able to assess your application and advise on what options and lenders are available to you.


What lenders do you have on your second charge panel?

We cover most of the market place including well known lenders and brands such as Paragon Bank, Together Money, West One Loans, Shawbrook Bank, Masthaven Bank, Prestige Finance, Optimum Credit, United Trust Bank, Norton Finance, Central Trust, Clearly Loans, Step One Finance, Sping Finance, 1st Stop Home Loans, Evolution Money.


Do I need to broker to take out a second mortgage?

The majority of second charge mortgage lenders do not accept customers direct and only accept applications done via intermediaries and brokers. Feasible are second charge mortgage brokers and our expert team of advisors can quickly search the lenders to find you the best deal from across 20 + lenders. Brokers have an indepth knowledge of the market and an understanding of the application criteria and requirements required by the lenders on their panel.


Can I take out a second charge mortgage on my Buy to let property?

Yes. Many lenders will allow second mortgages against buy to let rental properties. The current max loan to value (LTV) is 75%. Buy to let mortgages can be completed quickly and in some cases within just a few days when funds are needed urgently.


Can I take out a 2nd mortgage to consolidate my unsecured debts?

Yes. Second charge mortagages for debt consolidation is a popular option for homeowners. Existing unsecured debts such as loans, credit cards, overdrafts and other credit committments can all be paid off using the funds from a second mortgage.


Can I take out a second mortgage to buy another house?

Yes. The funds from your second mortgage can be used to purchase or help to fund another property or perhaps a buy to let investment.


Which second charge lenders do you deal with?

We can cover most of the seconds market place including well known lenders and brands such as Paragon Bank, Together Money, West One Loans, Shawbrook Bank, Masthaven Bank, Prestige Finance, Optimum Credit, United Trust Bank, Norton Finance, Central Trust, Clearly Loans, Step One Finance, Sping Finance, 1st Stop Home Loans, Evolution Money. We also have access to exclusive rates and deals from many of the leading lenders.


How much will a second mortgage cost?

This depends on a number of factors such as how much you borrow and what the interest rate payable is. If you request a quote here on the website one of our advising brokers can provide you with a detailed quote including a full costing breakdown. If you want a quick estimate you can use this calculator to get an idea of repayments, interest charges and how much it will cost based upon an estimated APR figure. Taking out a second mortgage involves additional fees including broker and lender fees that can be added to the loan amount if you wish.