You are here: Home - Second Charge Mortgages
Second Charge Mortgages
Introduction
A second charge mortgage is a loan secured against a home that already has an existing mortgage (first charge) secured against it. Homeowners take out second charge mortgages for all sorts of reasons, ranging from debt consolidation to home improvements to deposits for investment properties.
A second charge can be a useful way of raising extra funds, usually £20,000 to £500,000. Second charges are usually cheaper than unsecured personal loans and may be cheaper or make more sense than a remortgage if you are tied into your existing deal with Early Repayment Charges.
The number of people taking out second charge mortgages has been growing strongly in recent years as the interest rates charged on these deals has been falling since 2010.
How to
How second charge mortgages can help older borrowers
Second charge mortgages can provide useful finance for the over-forties who may ...
How second charge loans can help interest-only borrowers
There are almost three million mortgage borrowers in the UK with interest-only d...Guides
Guide to second charge mortgages
Consult our handy guide to find out what a second charge is and the circumstance...
Guide to remortgaging pitfalls
It may seem like remortgaging is an easy way to save money, especially if you ha...News
Five top tips for renovating a property
Get the basics right and have a well-researched plan if you're making home impro...
15 million planning home improvements this year
Many of those planning property projects intend to borrow to fund the work
Brits spent £1.4bn fixing lockdown DIY disasters
Six in 10 went over budget and almost half had to call in a professional to fix ...
Boost your property’s value with these home improvements
Which DIY projects can add the most value to your home - and which should you av...
Revealed: The home improvements that really add value
The most popular home improvements are not necessarily the most profitable
Second charge mortgage repossessions fall
The mortgages - also known as secured loans - are taken out on top of an existin...Most Read
April 26, 2022
The pros and cons of heat pumps explained
May 3, 2022
New fixed rates launched by The Nottingham
April 22, 2022
Spring bounce for home sales between February and March
April 26, 2022
Average asking prices hit record high – again!
In Depth
Mar 06, 2017
Guide to second charge mortgages
Nov 12, 2021
Five top tips for renovating a property
Sep 17, 2021
15 million planning home improvements this year
Jul 27, 2021
Brits spent £1.4bn fixing lockdown DIY disasters
Nov 15, 2019
Second charge mortgage repossessions fall
Nov 06, 2019
20% boost in second charge mortgage lending
Aug 13, 2019
Extend your home or move? What would you do?
Your Mortgage Guides
Your Mortgage Award Winners 2021-2022
Read our guide to the best mortgage lenders in the UK
© AE3 Media Ltd, Floor 7, Lincoln House, 296 - 300 High Holborn, London WC1V 7JH, Company.