If you are looking to make improvements to your property, but you don’t want to lose your existing interest rate or incur early repayment fees by remortgaging, a second-charge secured loan could be the answer. It means you keep your existing mortgage and you have a ‘second loan’ which sits on top.
Also known as homeowner secured loans, they give you a way to build an extension or conservatory, convert a loft space and pay for improvements such as new windows or doors.
They can even be used for debt consolidation to help reduce the monthly costs of repaying credit cards, finance agreements and other debt.
There are many factors to consider when considering a second charge loan, particularly any fees and particular conditions, which is where we can help.
Second Charge Loans are on a Referral basis. Please get in touch, we would be happy to help.