THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Second charge mortgages
A second charge mortgage, (or “secured loan”), can be a good option if you’d like to borrow money while leaving your current mortgage in place. The new loan is secured against your property and is available for many different purposes.
This funding option can allow you to avoid the often costly process of re-mortgaging which is what many customers looking to release capital use in the absence of the second charge mortgage option.
You can take out a second charge mortgage for all sorts of purposes, including;
We make decisions using a combination of human experience and technology, and this personal way of assessing your application means we can often be more flexible and helpful than other lenders.
* Subject to our lending criteria.
** At the end of the Fixed Rate Period the interest rate will change to a variable interest rate, which may be varied at the discretion of Shawbrook Bank. Our tracker rate mortgage follows the Bank of England Base Rate (BoEBR), however the rate is subject to a floor of 0.5% so that the BoEBR will always be considered to be at least 0.5% even if it is itself lower than 0.5%.
Our mortgage products are available via a network of independent brokers - professional intermediaries whose job is to suggest the mortgage that’s best for you.
Although your application must be packaged and presented by an approved Shawbrook broker partner, we are happy to discuss a project over the phone or answer questions via email, so please feel free to get in touch.
For your safety, please do not send security details such as passwords by email.
Fields marked with an asterisk are mandatory.