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What is a Second Charge Mortgage? A second charge mortgage is essentially an additional loan you take out against your home, besides your main (or first) mortgage.  Imagine it like stacking another loan on top of the one you already have, with your house as the guarantee for both. Here’s how it works: The crucial […]

What is a Second Charge Mortgage? A Second Charge Mortgage is a loan that you take out against the equity in your home, in addition to your primary mortgage.  It’s called the ‘second charge’ because it’s the second priority for repayment after your first mortgage in the event of a default.  This type of mortgage […]

How Much Can You Borrow with a Second Charge Mortgage? Try our handy second charge mortgage calculator below.  It only takes less than 30 seconds to know how much you can borrow. Simply enter your basic information and get an instant, personalised estimate. [Embedded Second Charge Mortgage Calculator] Remember though, while these calculators give you […]

What is a Second Charge Mortgage? A second charge mortgage is a loan you can get against a house or flat that already has a mortgage. It uses the part of your property that you fully own as security.  This type of mortgage is different from your main mortgage. If you sell your property, the […]

What is a Second Charge Mortgage? A second charge mortgage is a loan you can take out against your property, in addition to your existing mortgage.  In simple terms, it’s a second loan secured against the value of your home. You have your main mortgage, which is the first charge on your property.  Then, if […]

What is a Second Charge Mortgage? A second charge mortgage is a loan secured against your property, on top of your existing mortgage. It’s like adding another layer of borrowing, using your home as collateral. Think of it like this: The key difference is that the first mortgage gets paid first, even if you fall […]