Second Charge Loans

Second Charge Loans remain a popular choice among home owners who are looking to raise additional capital. They are quick and simple to arrange, with Loans starting from £5000, up to a normal maximum of £500,000. Loans can be repaid over a term that best suits individual circumstances, typically between 3 and 25 years.

Through our partners you can access the best rates available in the marketplace today. They will be able to discuss a wide choice of schemes to suit a variety of circumstances.

And the good thing is that a second charge loan can be used for any legal purpose.

Why consider a Second Charge Loan?

  • Is suitable for employed or self employed customers
  • Fewer age restrictions – min age 18, max 80
  • Repayment periods of up to 30 years
  • No up front costs
  • Allows you to retain your current mortgage without incurring unnecessary Early Repayment Charges (ERC’s)
  • Products available even if you have a poor credit rating, including mortgage arrears, CCJ’s, Bankruptcy and IVA’s
  • All loans are regulated under the Consumer Credit Act which means there are no costly ERC’s. Maximum charge is two months interest and some Lenders charging as little as £195
  • Products available for self employed customers without fully audited accounts.
  • Loans available up to 95% loan to value
  • Loans available on Buy to Let properties to 80% loan to value, with 110% rental coverage.

Your Second Charge loans is available for any legal purpose – for example

  • Home Improvements
  • Debt Consolidation
  • Purchase of a New Car
  • Holiday Homes
  • Repay a Tax Bill
  • Business Purposes
  • Cosmetic Surgery
  • School Fees
  • Investment Properties
  • Repay mortgage arrears
  • Repay outstanding CCJs

To see if a secured loan is a possible a solution to your borrowing needs, please complete our short enquiry form and we will put you in contact with one of our Secured Loan Finance Brokers.

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