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Second charge mortgages

Free up money while leaving current mortgage arrangements in place

A second charge mortgage - sometimes called a secured loan - can be a good option if your clients need to borrow money while leaving their current mortgage in place. The new loan is secured on their property and is available for many different purposes. It can allow your client to avoid the cost associated with a re-mortgage – an option taken by many customers who are unaware of the second charge market.

Our approach at Shawbrook is to look at their individual circumstances and make decisions using a combination of human experience and technology. This personal way of assessing the application means we can often be more flexible and helpful than other lenders.

 

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£5,000 to £500,000
Our loan sizes match client needs.
3 - 25 years
Our terms can range from 3 to 25 years.
For all occasions
Loans for a wide range of purposes.
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What can your client use a second charge mortgage for?

Second charge mortgages are available for all sorts of purposes. Some of the most common include;

    • Home improvements
    • Buy-to-let property purchase
    • Consolidating outgoings into one monthly payment
    • Children's tuition fees
    • Lease extension
    • Transfer of equity
    • Exit for an existing bridging facility
    • Business purposes
    • Payment of a tax bill
    • A wedding or new car

Shawbrook TwitterHas a customer taken out a second charge mortgage for an unusual use? Share your stories with @Shawbrookbroker #usesfora2ndcharge

Already a partner?

If you’re already a Shawbrook Broker Partner and have an enquiry regarding a current or new deal, please feel free to fill out the enquiry form. Alternatively, please access the DJ Broker Hub to view your caseload.

Become a partner

If you would like to become a partner, or have a potential case you would like to discuss with our team, please get in touch.

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