Second Charges

Second Charges

A second mortgage can be a low cost alternative to an unsecured loan or a re-mortgage when raising funds for virtually any purpose. Working in the same way as your first mortgage and governed by the same rules a second mortgage can be useful where:

  • You are locked in to your current mortgage deal by early repayment charges or simply a great product or rate
  • Your circumstances have changed since your original borrowing and re-mortgage rates are unattractive
  • The extra amount you want to borrow is small in relation to your existing mortgage, but it means all of your borrowing will attract a higher interest rate
  • You want a longer term to repay the loan, reducing the monthly repayment to fit a budget

 

Second mortgages are available to homeowners and landlords and can be secured on owner occupied property and Buy to Lets. They can be quick to arrange and typically come without any up front fees or hidden costs

Please contact us for further information.

Contact The Glasgow Mortgage Company Ltd

Please contact us using the details provided on this page. Alternatively, fill in our enquiry form and we'll get straight back to you.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

We will charge a fee of between £0 and £995. The amount we will charge is dependent on the amount of research and administration that is required. This fee is payable on receipt of a mortgage offer.