Do you need specialist advice on a second charge mortgage?

Dive into our tailored second charge mortgage solutions and unlock new opportunities for financing your dreams without altering your existing mortgage arrangements.

What is a Second Charge mortgage?

Second charge mortgages are loans secured against your property, sitting behind your primary (or first charge) mortgage. They allow you to borrow additional funds while keeping your existing mortgage in place. These loans can be used for various purposes, such as home improvements, debt consolidation, or financing large expenses. The amount you can borrow is determined by the equity you have in your property, and repayment terms can vary depending on the lender and your financial circumstances.

Important point

Affordability

Ensure that you can afford the monthly repayments on the second charge mortgage, in addition to your existing mortgage and any other financial commitments.

Important point

Purpose of Borrowing

Have a clear understanding of why you need the funds and how you plan to use them. Whether it’s for home improvements, debt consolidation, or another purpose. One of our experienced TMG Direct advisors will support you in ensuring a second charge is the most suitable option!

Important point

Interest Rates & Fees

We will help support you in ensuring you understand the additional costs and fees, these can include arrangements fees, valuations fees and any other charges.

Here's how we can help...

Providing personalised advice and assistance tailored to your specific needs and circumstances. We’ll assess your financial situation, discuss your borrowing requirements, and help you understand the implications of taking out a second charge mortgage. Our experienced advisors will then search the market for the most suitable second charge mortgage deals for you, considering factors such as interest rates, fees, and repayment terms. We will guide you through the application process, ensuring that you understand all the terms and conditions and helping you complete the necessary paperwork. Our goal is to ensure that you make an informed decision and secure the best possible second charge mortgage for your needs.

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Mortgage repayment calculator

Interested in remortgaging or a first-time buyer calculating your costs? Try our handy online mortgage calculator below! 

Affordability calculator

Discover what borrowing could look like. We’ll provide an estimate of the monthly repayments for different amounts and borrowing terms.  

The sooner you speak with us, the sooner you can secure your perfect mortgage.

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