Second Charge Mortgages

Helping you to access money in your property.

A second charge mortgage enables the borrower (i.e. mortgagor) to borrow more money against the same property but without affecting the existing mortgage.  The second charge mortgage is not much different from a standard mortgage in that the second charge is secured against the same property and monthly repayments have to be made until the total outstanding balance (including interest) has been fully repaid.  Depending on how much equity you have in your property, this means that you can potentially raise money to consolidate debt, buy additional properties or carry out improvements or extensions to your house. 

You should think carefully before securing other debts against your home as your home can be repossessed if you do not keep up repayments on your mortgage.

At Integrity Finance and Mortgages we have access to lenders who offer competitively priced second charge mortgage products, including for borrowers with existing or past bad credit. Contact us today to see how we can help you.