Second Charge Mortgages

A Second Charge Mortgage allows clients to raise funds from Residential, Buy to Let, Consumer Buy to Let, or HMO properties without changing their existing mortgage.

Where a further advance is declined or remortgaging isn’t suitable, this solution can provide a flexible route to raise funds and help you progress cases that might otherwise be lost.

Key product features

• Up to 100% LTV
• Maximum age 85
• Flexible income ratios
• Solutions from £10,000 up to £1 million
• Fixed, variable and tracker rates available
• Non-standard property type and construction
• Any legal purpose accepted, including debt consolidation
• Joint applications accepted even when the deeds or main mortgage are in sole name
• All credit profiles considered, including missed / late payments, accounts that are in default, outstanding CCJs, in a debt management plan, or even discharged bankrupts.

Ideal for clients who need to raise funds but they:

• Have been declined for a further advance.
• Want to avoid disturbing their existing first charge by remortgaging.
• Are struggling to secure the amount or term they need with an unsecured loan.

How the referral process works

Simply send us your client’s name and number, and we’ll take it from there. We will:

• Complete the fact-find
• Identify suitable options
• Take full responsibility for the advice
• Manage the case through to completion

Once the case completes, you’ll receive a competitive commission package, often paid the next working day.