Second Charge Loans
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Second charge loans can be secured against residential or Buy to Let properties. They are provided by specialist lenders and are generally short-term loans secured against the property, but where the lender has second call on the property if the borrower defaults.
Second charges tend to be more expensive than ‘firsts’, but can still be the best option for people seeking to raise capital – but whose main lender is unwilling to provide further finance, or where expensive early redemption charges would be incurred.
Call us today
Whether you are thinking about buying your first home, remortgaging your existing loan, doing a 'grand design' building your own home, or looking at buy-to-let lending and would like some advice, give our one of experienced mortgage advisers, Rob or Sarah, a ring today to discuss your options!
Our offices are located in Lonsdale gardens in Tunbridge Wells, no-obligation meetings are available with advisers so please drop in for a coffee and a chat.