You are here: Home - Second Charge Mortgages

Second Charge Mortgages


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...


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...


Second charge sees busiest month since 2008 as strong 2019 continues

The mortgages - also known as secured loans - enable borrowers to raise funds in...

Surge in second charge mortgage lending

Homeowners are choosing to improve rather than move, and taking second charge de...

Half of homeowners planning a DIY project before Christmas

The great British DIY frenzy has started, as we do up our homes to impress Chris...

Brits raid savings to pay for home improvements

From painting and decorating to extensions, we are shrugging off Brexit woes to ...

The home improvements that could decrease your property’s value

Don't rush into these DIY projects without doing your sums first

The UK’s top 10 DIY projects revealed

But don't start until you've checked you are covered for accidental damage

Your Mortgage Guides

Your Mortgage Award Winners 2018-2019

Download our guide to the best mortgage lenders in the UK

Read More >

Privacy Preference Center