Home Improvements
Major renovations or extensions often increase your property value. Second charge loans provide funds for these projects without disturbing your existing mortgage arrangement.
Second Charge Loans
Sometimes you need money but your current mortgage is too good to give up. A second charge loan lets you borrow against your home's value while keeping your existing mortgage exactly as it is.
Your property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
Mortgages are subject to underwriting and criteria. Check terms and conditions.
This information is for guidance only and does not constitute financial advice.
When you need to keep what you have
You’ve worked hard to get a good mortgage – maybe it’s got a great interest rate, maybe it’s fixed for several years. But now you need to raise more money, and remortgaging would mean giving up that great deal. A second charge loan can help you borrow more without disturbing the mortgage you already have.
How second charge loans work:
- They’re secured against your property like your main mortgage
- You keep your existing mortgage and take a second loan on top
- Useful when remortgaging would mean higher rates or big fees
- Rates are usually higher than standard mortgages but lower than unsecured loans
- Good for consolidating debts, funding renovations, or major one-off costs
- You need enough equity in your home to support the second loan
Your interest rate and payments stay the same for a set period. Ideal if you want to budget accurately and know exactly what you’re paying each month.
Your payments can go up or down depending on market rates. These loans often start with lower rates but can become more expensive over time.
You only pay interest each month, with the capital due at the end. Lower monthly payments but requires a repayment plan and discipline to clear the debt later.
Use a second charge loan to combine multiple debts into one monthly payment, often at a lower rate than credit cards or unsecured borrowing.
Common reasons to consider second charge loans:
Investment Opportunities
Property purchases, business investments, or other opportunities that require significant capital can be funded while keeping your residential mortgage intact.
Debt Consolidation
Combining higher-rate debts like credit cards and personal loans into one secured loan can reduce your overall monthly payments and simplify your finances.
Avoiding Early Repayment Charges
When your current mortgage has substantial early repayment penalties, a second charge loan lets you access funds without triggering these charges.
How we help
We understand that financial decisions feel heavy because they affect everything that matters to you. Our job is to make them lighter, clearer and easier.
Testimonials
Trusted by homeowners seeking flexibility
We've helped hundreds of families get the money they needed while keeping the mortgage deals they'd worked hard to secure.
How can we help you access your equity?
Let us understand your goals
We'll explain whether this approach suits your circumstances and find lenders who specialize in your type of need.