Second charge mortgage allows you to use any equity you have in your home as security against another loan.

There are several reasons why a second charge mortgage might be worth considering:

• if you’re struggling to get some form of unsecured borrowing, such as a personal loan, perhaps because you’re self-employed
• if your credit rating has gone down since taking out your first mortgage, remortgaging could mean you end up paying more interest on your entire mortgage. A second mortgage means extra interest just on the new amount you want to borrow
• if your mortgage has a high early repayment charge, it might be cheaper for you to take out a second charge mortgage rather than to remortgage.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Second-charge lending services are referred to a third party. Neither Smooth Financial Solutions Ltd nor PRIMIS are responsible for the service received