• David Tarry MBA

What IS a Second Charge Mortgage?

Jargon Buster: Second Charge Mortgage

A secured loan, also known as a second charge mortgage, uses the borrower’s home as security.

This can be useful for those whose early repayment charges to remortgage are expensive, the self-employed or whose credit rating has changed.

Failing to repay a secured loan can result in you losing your home.

The Money Advice Service recommend speaking with a financial advisor when considering second charge mortgage options, so you know what to do....

Call me, David Tarry, on

01983 875151

or 0771 476 2597

Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.