A second charge loan allows you to raise funds against a property that already has a mortgage in place, without replacing your existing first mortgage.
Raising capital to support property purchases, refurbishments, or investment opportunities without replacing your existing mortgage.
Accessing funds to support business growth, working capital, or business-related expenses secured against property.
Combining multiple debts into a single loan secured against your property, potentially simplifying repayments.
Providing funding for non-standard or time-sensitive requirements where traditional finance options may not be suitable.
We explain how second charge lending operates alongside your existing mortgage and what this means for your property.
All fees, interest rates, and repayment terms are clearly outlined so you understand the full cost before proceeding.
We assess your circumstances to determine whether a second charge loan is an appropriate and responsible option for you.
Important Notice
Second charge loans are secured against your property and carry risk. Advice is essential.
Charnock Commercial Finance Ltd is an Appointed Representative of Connect IFA Limited 441505 which is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference 1039549 The FCA do not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies.
The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Your property may be repossessed if you do not keep up repayments on your mortgage. There will be a fee for mortgage advice, the precise amount will depend upon your circumstances. Your Consultant will confirm the amount before you choose to proceed but we estimate it to be £599. Charnock Commercial Finance: Registered Address: Suite 2, Lesscent House, Wigan Road, Bryn, Wigan, WN4 0AR. Registered in England and Wales No: 16399015.
Not all services we offer are covered by the FCA. Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction.
The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.
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