Want to know more about Second Charge Mortgages? Read our hub to find the information you need
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Second charge mortgages can be a good option if you already have a mortgage but need to raise extra cash through your property. They offer a flexible way to borrow, but professional advice should be sought before you secure extra debt against your home.
Read through our articles on second charge mortgages below to find out how they work, what requirements you need to meet to get one and where to find a broker who specialises in them.
The place to start for a full introduction to second charge mortgages and the services a secured loan broker can offer you.
An overview of the loan-to-value requirements for a second charge mortgage in the UK, including how much equity you need to hold and more.
Find out whether second charge mortgages are regulated by the Financial Conduct Authority (FCA) and what kind of protection this offers to you.
A guide to help you decide whether remortgaging or a second charge mortgage is the best way to borrow more against your property.
Secured loans can also be taken out on buy-to-let properties, and in this guide, you’ll learn exactly how that works and what the benefits are.
An overview of which UK mortgage lenders offer secured loans, the eligibility criteria they use and the interest rates and deals they offer.
Learn how mortgage lenders calculate affordability for secured loans and how the process differs to that of a standard residential mortgage.
How to find a mortgage broker who specialises in secured loans and why it’s so important to speak to one before applying for one.
How second charge mortgages are calculated and why you should have a broker crunch the numbers for you instead of using an online tool.
Find out what kind of interest rates you can expect on a second charge mortgage and what factors affect the deal a lender might offer you.
An overview of Homeowner Loans in the UK, including how much equity you need to hold and more.
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*Based on our research, the content contained in this article is accurate as of the most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs.
Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.
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