A second charge mortgage is borrowing money against your property.
Reasons for a second charge mortgage:
Benefits
Second Charge mortgages can be more expensive than regular mortgages in respect of paying a higher interest rate/fees to set up.
Think carefully about securing debts against your home For further information please contact us.
As a mortgage is secured against your home or property, it may be repossessed if you do not keep up the mortgage repayments.
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