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Mortgages & Finance

Second Charge Mortgages

Borrow against your home without disturbing your existing mortgage.

A second charge mortgage lets you raise funds against the equity in your home while keeping your current deal in place. We help you weigh it against the alternatives and arrange the right option.

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Second Charge Mortgages

Second Charge Mortgage Advice

A second charge mortgage, sometimes called a secured loan, allows you to borrow against the equity in your home while keeping your existing first mortgage untouched. It can be a sensible route when remortgaging would mean giving up a favourable rate or paying a large early repayment charge.

It is not the right answer for everyone, so we look at your wider circumstances first. We compare a second charge against remortgaging and other options, then recommend the approach that leaves you better off.

When It Can Make Sense

  • Your current mortgage rate is one you would rather not lose.
  • Early repayment charges make remortgaging expensive.
  • You want to fund home improvements or consolidate other borrowing.
  • Your circumstances have changed since you took your first mortgage.

How It Works

We review your existing mortgage, your equity and what you want to achieve. We then compare the realistic options, explain the costs of each and, if a second charge is right, arrange it for you. Your first conversation is free and without obligation.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Why Affinity

Why Choose Affinity

Impartial Comparison

We weigh a second charge against remortgaging so you can see the true cost of each.

Keep Your Current Deal

Where it suits you, we help you raise funds without disturbing a favourable rate.

Whole of Market

We compare second charge lenders across the market, not a narrow panel.

Clear, Honest Advice

If a second charge is not right for you, we will tell you.

Good to Know

Second Charge Questions

What can I use a second charge mortgage for?+
Common uses include home improvements, consolidating other borrowing or raising funds for a specific purpose. We will check it is the most suitable route for what you need.
Is it better than remortgaging?+
Sometimes. If your current rate is attractive or early repayment charges are high, a second charge can work out cheaper overall. We compare both so the choice is clear.
How much can I borrow?+
It depends on the equity in your home, your income and the lender’s criteria. We will give you a realistic figure once we understand your circumstances.
Will it affect my existing mortgage?+
No, your first mortgage stays in place. The second charge sits behind it and is repaid alongside your existing payments.
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Considering a Second Charge?

Tell us what you are trying to achieve and one of our advisers will come back to you, usually within a working day.

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