Second Charge Mortgages

Second Charge Mortgages throughout Scotland

A second charge mortgage is borrowing money against your property.

Reasons for a second charge mortgage:

  • Debt Consolidation
  • Capital Raising
  • Home Improvements
  • Business Loans
  • Development Finance / Commercial


  • Funds available quicker than a re-mortgage
  • Your existing mortgage arrangements remain unchanged
  • Term can differ from current mortgage
  • Income Multiples are calculated differently from standard mortgages.

Money Sense Matters

Money Sense Matters

Who should consider a second charge loan?

  • Must be a homeowner , but do not require to reside in the property
  • Someone who's credit rating has changed and may now not be eligible for a re-mortgage
  • If your mortgage has a high early repayment charge it may be cheaper for you to take out a second charge mortgage rather than re-mortgage

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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