01702 538 800

Second Charge Mortgages

A second charge mortgage is a loan which is secured against a client’s residential or commercial property, when the client already has an existing first charge mortgage in place. This type of finance allows borrowers to raise funds for any legal purpose without disturbing their first charge mortgage.

Following the introduction of the Mortgage Credit Directive on the 21st March 2016, second charge mortgages were brought under the same regulatory regime as first charge mortgages. This means that for an Advisor to provide a holistic service, they should ensure that second charge mortgages are always considered when exploring remortgage products for a client, to guarantee the most economical solution is provided.

How to Submit Business

Referring an enquiry to us couldn’t be simpler, you can either send us a Quick Enquiry or if you have already gathered information for the application then you can complete the Application Form.The enquiry will be assigned to a dedicated Case Manager who will keep in touch with you and your client throughout the process.

To ensure our fees are fair, competitive and transparent, we’ve launched a new fee tariff focused on straightforward pricing that provides clients with two simple payment options. In all cases, we will take full responsibility for giving compliant advice to the client and will pay you 50% of the net commission on completion.