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Second Charge Mortgage Brokers in Leighton Buzzard

What are second charge mortgages and secured loans?

As your local second charge mortgage brokers in Leighton Buzzard, we can provide you with guidance on second charge mortgages. Basically, second charge mortgages are often called second mortgages (or secured loans) because they have secondary priority behind your main (or first charge) mortgage. They use the borrower’s home as security, just the same as a traditional main mortgage from a high street bank or building society would.

Second charge mortgages are offered by less well known financial institutions, as well as high street lenders. They are now fully regulated just like the traditional mortgages available from the more commonly known high street lenders.

Why consider a second charge mortgage?

When you wish to consider other options in addition to a remortgage or further advance, our second charge mortgage advisors can prepare a second charge mortgage quotation for you in minutes. Second charge mortgages offer value to clients who are:

  • Tied into a mortgage with redemption penalties.
  • Benefiting from an existing low mortgage rate but wanting to raise capital.
  • Being offered a further advance with a higher rate.
  • Currently on an interest-only mortgage product.
  • Wishing to capital raise for business purposes, including deposits for buy to let mortgages.
  • Needing to pay a tax bill.
  • Keen to retain their current mortgage product but have historic adverse credit.
  • Recently self-employed, retired or receive income from multiple sources.
  • Lenders sometimes offer a more flexible view on circumstances or affordability than a traditional lender.

Contact us today to speak to our second charge mortgage brokers in Leighton Buzzard regarding further information on second legal charge on properties.

Call us on Herts: 01442 252 040 or Beds & Bucks: 01525 877 650 or Mobile: 07710 770 969. You can also email us at advice@sbms-online.co.uk and give us an outline of your needs if you require second charge mortgage advice.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up the repayments on your mortgage.

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