Second Charge Mortgages
Need to borrow more without changing your current mortgage? We have advisors who specialise in second charge mortgages and can guide you to the right lenders.
Second Charge Mortgages Hub
A second-charge mortgage, also known as a secured loan, allows you to borrow against the equity in your property without affecting your existing mortgage. It sits alongside your current loan, meaning you will have two separate monthly repayments.
These products can be useful if remortgaging is not the best option — for example, if your current mortgage has a low fixed rate or high early repayment charges.
Lenders check your affordability by looking at your income, outgoings and credit history, and they usually require a reasonable amount of equity in your home.
At Online Mortgage Advisor, we have advisors who specialise in second charge mortgages. They can explain when this type of borrowing is suitable, compare it with alternatives like remortgaging or unsecured loans, and guide you to the lenders most likely to accept your application.
“Second charge mortgages can be a smart option if remortgaging is too costly. We explain how they work, when to use them, and guide you to lenders who are comfortable with your situation.”
Check your affordability
Use our calculator to see how much you could borrow with a second charge mortgage.
Read our guides
Browse our second charge mortgage guides to understand costs, eligibility, and how they compare to remortgaging.
Compare second charge mortgage deals
Use our comparison tool to view lenders currently offering second charge products.
Speak to an expert
Get matched with an advisor who specialises in second charge mortgages and knows which lenders are most likely to accept your application.
We have advisors who understand how lenders assess second charge mortgages and can help you decide if it’s the right choice. Make an enquiry today.
Our Guides
Expert mortgage guidance tailored for second charge borrowers.
Mortgage Tools & Calculators
Professional tools designed to help you understand your mortgage options, compare rates, and make informed decisions about your financial future.
Frequently Asked Questions
Still have questions about mortgages, rates, or the application process? Our comprehensive FAQ section covers everything from first-time buyer queries to complex remortgage scenarios.
Most second charge mortgages tend to have a higher interest rate than an initial mortgage so they can end up being more expensive.
They’re often quicker than arranging your initial mortgage and can take around three to four weeks.
A mortgage advisor will search the market for you and recommend the best deal based on your situation. They do more than compare rates. They understand lender criteria, manage the paperwork, and know how to get complex cases approved.
With expertise in specialist mortgages and strong lender relationships, they save you time, reduce the risk of rejection, and often access deals not available directly.
Online Mortgage Advisor is an FCA-authorised mortgage broker serving customers nationwide. We match you with specialists who excel in situations like yours.
Over 600,000 borrowers have trusted us to help them find the right deal, and we are rated Excellent on Trustpilot.
Your first chat with an advisor is always free and comes with no obligation. If you choose to go ahead, fees vary depending on the complexity of your case, but you will always know the cost upfront. You will never be charged without agreeing to it first.
Customer Success Stories
Find out your best mortgage options today
You’ll have a dedicated team by your side from questions to completion, with clear choices and costs explained upfront. We’ll match you with a mortgage advisor specialising in your unique situation.