Where an early repayment charge is large, or your current deal is unusually favourable, raising funds through a second charge may work out better than remortgaging the whole balance.
We compare both routes side by side, including all fees, and explain that a second charge is also secured on your home.
How we help with second charge lending
- Keep a favourable existing mortgage rate
- Avoid large early repayment charges
- Funds for improvements or other purposes
- Side-by-side comparison with a full remortgage
Need to raise funds without remortgaging?
Speak to Viresh — CeMAP and Cert CII qualified, with access to over 90 lenders and more than 15 years' experience.
Not sure where to start? Send a quick message.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Typically, we charge a fee of £295, however, the actual fee will depend on your circumstances.