A secured way to raise capital while keeping your existing first charge mortgage in place.
Who it is for
In plain English
A second charge mortgage lets you borrow against the equity in your home. They used to be called second mortgages and can be an alternative to remortgaging when you want to keep your current mortgage.
You may be able to raise funds without changing your existing home loan or lender, which can avoid some of the fees and costs of taking out a new first mortgage.
A second charge is a secured loan and the amount available depends on the equity in the property.
Rates are often higher than first charge rates because of the extra risk to the lender, and repayment terms are commonly shorter, although both can vary.
Suitability, affordability and the effect on your property should always be considered carefully.
Every situation is different. We take the time to understand yours, explain the routes open to you and help you decide what is right.
What to expect
Drag the dot along the line
Second charge
What happens
We talk about the property, your circumstances and what you are planning.
Your part
Tell us what matters most to you.
Every situation is different.
Good to know
No. A second charge sits alongside your existing first charge mortgage, which stays in place.
Enquiries
Tell us about the property, your circumstances and what you are planning.
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0208 058 6560 hello@levanafinance.co.uk Message us on WhatsAppLevana Finance
45 Albemarle Street, W1S 4JL
