We offer a first class service if you are looking for a 2nd mortgage.
Special features of what we offer include:
Borrow from £25,000 up to £2.5m
Market leading rates
Exclusive rates - Access to exclusive loan deals not available on high street
Fast turnaround - 15 working days possible
Not a perfect credit record? We have lenders who will take into account previous defaults and missed payments
Short term finance required? 1 to 12 months - See our bridging loan service
To investigate your second mortgage options call our specialist team on 0117 403 4474 or fill in our call back form.
Second mortgages are loans on a property which are subordinate to the 1st charge mortgage (loan) on the property.
Second mortgages are often known as secured loans, or homeowner loans.
A second charge mortgage can be used for almost any legal purpose. This will depend on the lender, but examples of what 2nd charge lenders will accept include:
Home improvements, renovations and extensions
Purchasing a second house in the UK or abroad
Buying property at auction
Different lenders have different criteria but some general rules of thumb are:
You need to have an existing mortgage in place
You will need sufficient equity in your property - typically a second charge lender will not lend based on the loan you are looking for over 90% LTV taking into account the existing first mortgage.
Your credit history will be a factor. Lenders take different views on previous credit blips so talk to us for further information
Location - where you live in the UK may determine whether you can raise finance on a second charge basis
To find the best second mortgage rates and options open to you call us today on 0117 403 4474
For a FREE initial conversation about your second mortgage options complete our short enquiry form.
The optional information below will help us to contact you
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.
Fair Mortgages Limited is an appointed representative of Fair Investment Company Ltd which is authorised and regulated by the Financial Conduct Authority.