With our in-depth knowledge of second charge mortgages, trust ams: for expert guidance and mortgage solutions, which precisely meet your needs. This is even the case for those who have experienced past credit problems and low credit scores.
What is a 2nd charge mortgage?
A 2nd charge loan is simply an additional mortgage which is taken out on top of your current mortgage. By doing this you can protect the current rate of your main loan. At times your current lender may need to agree to this prior but it’s possible to occur.
Most 2nd charge loans are taken out for:
- Home improvements
- Debt consolidation
- Other major purchases
Don’t forget 2nd charge mortgages are classed as an additional mortgage so you need to make sure you keep the repayments up on them as your home is at risk if these payments are not made.
Unsure if a 2nd charge mortgage is the way forward?
No problem, speak to one of our qualified brokers now who will be more than happy to talk you thru your options. If we can’t help, then it’s not possible!