PO BOX 2000,

WOLVERHAMPTON WV3 8YB

SECOND CHARGE SECURED LOANS

Ccompetitive interest rates and transparent pricing 

SECOND CHARGE SECURED LOANS

WHAT ARE SECOND CHARGE SECURED LOANS?

Second charge secured loans, often known as second charge mortgages, involve borrowing against the equity available in a property you own. The security for this loan typically takes the form of a second charge mortgage against the property.

This means that the loan sits behind the primary (first charge) mortgage and doesn’t impact it.

0121 289 4415

Call our private client advisor.

SECOND CHARGE SECURED LOAN PURPOSE

Second charge secured loans can be utilized for a variety of purposes, including but not limited to:

  • Settling Tax Bills
  • Raising a Deposit for Property Purchases
  • Funding Business Investments
  • Home Improvements
  • Debt Consolidation
  • Wedding Expenses
  • School or University Fees
  • Car Purchases
  • Dream Holidays

QUALIFFYING CRITERIA FOR A SECOND CHARGE SECURED LOAN

To qualify for a second charge secured loan, certain criteria must be met:

Homeownership

You need to be a homeowner to obtain a second mortgage. However, you do not necessarily need to reside in the property.

Property Types

Secured loans can be arranged against various property types, including residential, buy-to-let, and commercial properties.

Equity Availability

There must be equity available in your property to secure the loan against.

Proof of Income and Repayment Ability

You must demonstrate your income and ability to repay the loan.

Age Requirement

Applicants must be at least 18 years old, & the property must be located in the UK.

Overseas Applications

Overseas applicants are welcome to apply.

HOW CAN EFS HELP?

With more than 75 years of experience and holding master broker status, EFS specializes in arranging commercial mortgages and re-mortgages. We offer loan-to-value (LTV) ratios of up to 80% without requiring additional security.

However, with additional security, we have the capability to source mortgage loans with LTVs of up to 100% of the property’s value or purchase price. This flexibility allows us to tailor financing solutions to meet the diverse needs of our clients.

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EFS is a privately owned specialist finance brokerage based in the midlands. we assist corporate and private clients to increase their wealth using specialist tailored finance solutions.

Contacts
0121 289 4415

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[email protected]

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PO BOX 2000

WOLVERHAMPTON WV3 8YB

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Express Financial Services is Authorised and regulated by the Financial Conduct Authority (735640). Full members of the NACFB and FIBA.
ICO registration reference Z9238964
We are a credit broker, not a lender. We work with a panel of lenders who may pay us a commission. This amount varies between lenders.

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