This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Mortgage & Equity Release - Call Us 0117 403 4474

or Book Appointment

Second Mortgage For Property In Scotland

Second Mortgage Service

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 313 7780 or fill in our call back form. 

What is a second mortgage?

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. 

What can I use a second mortgage for?

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

  • Property development

  • Purchasing a second home in the UK or abroad

  • Buying property at auction

  • Debt consolidation

  • Additional property

  • Car/Vehicle purchase

  • Medical bills

  • School fees

How do I get a second mortgage?

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 313 7780

 

house icon

Request Call Back - Second Mortgage Service

For a FREE initial conversation about your second mortgage options complete our short enquiry form.

request call back

Please confirm your details

Extra information

The optional information below will help us to contact you

Our Services