We can help you find suitable second charge mortgage options tailored to your unique needs and budget.
Through us, you can get access to our wide panel of lenders and the latest deals on the market, including exclusive deals not available direct.
We strive to do all we can to support you through your finance journey, so we're proud to be highly rated by our happy clients.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage secured on it.
A second charge mortgage, or a homeowner loan as it is also known, is a type of loan that is secured against your home, that can be used for a wide range of purposes.
Benefits to choosing a second charge mortgage as opposed to remortgaging include:
Based on borrowing £37,000 over 10 years (120 months) with 60 monthly repayments of £501.53. Annual Interest Rate 7.99% fixed for 60 months, then variable for 60 months. Representative APRC 11.7%, total amount repayable £62,165.80. Includes a broker fee of £3,325 and a lender fee of £995.
To discover more about second charge mortgages, you can head over to our helpful guides for more information, or even check out our second charge mortgage calculator.
We have relationships with a lenders across the market including high street banks and specialist lenders. Here’s just some of them…
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We do all we can to take the legwork out of getting the property finance you want. So here is how it works at TLP and how we’ll support to get your mortgage approved.
You’ll get a dedicated advisor to support your application every stage of the process. We’ll regularly keep up to date you and are here if you have any questions
We’re proud to be highly rated by homeowners, landlords and property investors across the UK.
“Absolutely outstanding service. Dan and Brooke we amazing ,so so helpful and communication is top notch . I Would highly recommend this company.”
March 2025
“I recently used The Loan Partnership to secure the best possible second charge product on the market. Their service was faultless throughout. Professional, consultative, and experts in their field. My main contact there, Nicola Hughff, was brilliant. She was never pushy and nothing was too much trouble for her. Excellent company and would highly recommend.”
March 2025
A second charge mortgage is quite simply an additional mortgage on top of your existing first mortgage.
Also known as a ‘secured loan’ or a ‘homeowner loan’, as the mortgage is typically secured against the equity that you already own on a property.
It is important to keep in mind that if you take out a second charge mortgage, you will repay this at the same time as your existing mortgage and if you don’t keep up with repayments, your property will be at risk.
Unlike some other types of finance, you can use a second charge mortgage for almost any (legal) reason.
The most common reasons why people secure a second charge mortgage include debt consolidation, purchasing a large item like another property or car, paying for a wedding or honeymoon, home improvements, investing in a business, clearing a tax bill or paying for school or university fees.
If you have a particular reason for needing additional funds, chat to the team to check your full eligibility.
Here’s the good news, applying for a second charge mortgage is typically a quicker process compared to getting a first charge mortgage.
How long it will take will depend on your individual circumstances and several factors such as the lender that you choose, how much you are looking to borrow and your financial situation but the process is typically 4-6 weeks. In some cases, it can be secured faster, so it is always worth chatting to our team if you have a short deadline.
Yes, it should be possible to get a second charge mortgage, even if you have a bad credit history. In some cases, it can actually be easier to get a second charge mortgage, than other forms of finance.
This is because the mortgage is secured against your property so viewed as a lower risk for lenders, compared to other forms of loans.
Some lenders even offer dedicated bad credit schemes and your advisor can help you find a suitable solution to find your requirements and credit history.
If you sell your property or move, you will need to clear your second charge mortgage.
Some lenders may agree to transfer the second charge mortgage to the new property, but this will depend on the lender you choose and the terms of your mortgage.
It is important to remember that if you do sell the property you could be liable for early repayment charges (ERCs), so it is worth discussing this with your advisor during the application process.
If you would like to find out more and start your application today, you can get in touch here or call us now on 01923 250090.
