A second charge mortgage uses the borrower’s home as security, helping them to raise funds against their property for a wide range of purposes. They are often used to raise additional funding when the homeowner’s existing lender will not, or cannot, release any additional funds.
In this guide we give you detailed information about second charge mortgages, to make sure you have all of the facts before you make the decisions.
From raising funds for home improvements, or for the purpose of buying a new vehicle, through to paying for a wedding; there are a huge number of reasons why people decide to take out a Second Charge Mortgage or Secured Loan:
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