LOOKING TO RAISE ADDITIONAL FUNDS?
Second charge loans is the name used for second charge mortgages. This is when you already have a mortgage on a property and want to take out a second mortgage to additional funds for a particular reason such as consolidating debts or raising money for home improvements.
This is an ideal solution for people who want to keep their primary mortgage and raise some additional funds through their property. If this is of interest, the team of specialist advisers at Hunter & Cole Associates in Waterlooville will be happy to help with this.
YOU CAN USE SECOND CHARGE LOANS FOR:
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Home improvements
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Debt consolidation
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Funding a business deal
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Purchasing a vehicle
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Paying for a one-off expense such as a wedding
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Extending lease
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Paying a tax bill
Please note, the above list is not exhaustive.
ADVANTAGES OF SECOND CHARGE MORTGAGES
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Fast and flexible
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Potentially you get a better rate than if you remortgage
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Allows you to borrow more than a personal loan
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Potentially lower interest rates than taking out an unsecured loan
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Protects your primary mortgage