Second Charge Loans

Second Charge Loans

A second charge loan is another name for a secured loan. It is a method of borrowing money using the equity you have in your home. For example, if your house is worth £250,000 and you owe £150,000 then this means you have £100,000 equity in it. You can turn some of this equity back into cash with a second charge loan.

How much you can borrow is a little complex to work out. The easiest way is to apply through us today and our loan advisors will help tell you how much you can borrow, and at what APR.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

• Borrow more than double that you can with a personal loan - over £50,000
• Use the equity in your home to free up money
• Turned down for a personal loan? We could help you
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