Second Charge Calculator
Second-charge loans are secured loans since they use a property that you currently own as security. The property you use as collateral doesn’t have to be the one in which you live. As long as you are the legal owner of the property, it can be used as security for a second-charge loan.
You don’t have to own the property outright. It can be partially owned or even on a mortgage. As long as you have some equity in a property, you can use that as collateral for a second-charge loan.
Who will be borrowing?
My annual income
£35,000
Monthly expenditure
£2,000
Value of my property
£350,000
Total left on my mortgage
£150,000
You could borrow up to
£182,500
at a loan to property value (LTV) of 95%
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About Us
We are an established broker working in partnership with selected lenders to bring our clients the financial solution that best suits their needs. From all types of residential or commercial mortgage through to bridging and development finance and onto vehicle, asset and business finance.
Important
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
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