A secured loan is where you borrow money that is secured against your home. This is where you secure additional borrowing against your property with a different lender, whilst keeping your main mortgage. Unhelpfully, secured loans are also known by a host of other names, such as homeowner loans, second mortgages and second charge mortgages.
A second charge mortgage can help homeowners consolidate debts, raise money to make home improvements, or buy an additional property.
It’s particularly useful for those who don’t want to change their primary mortgage deal but still want to raise additional funds.
You need a mortgage broker to get a second charge on your property. This is because they’re specialist mortgages that require bespoke advice and involve specialist lenders. Using an independent mortgage broker like CoG Financial gives you access to expertise and industry knowledge that you need to find a suitable solution.
We want to ensure that you have the best understanding and knowledge when it comes to planning your future.
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The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Think carefully before securing debt against your home. Your home may be repossessed if you do not keep up payments on your mortgage or any other loans secured on it.
CoG Financial is registered with the Data Protection Act 1998 registration No. ZB538567 and is authorised and regulated by the Financial Conduct Authority under Firm Reference Number: 1000627 is an authorised representative of TMG Direct Limited which is authorised and regulated by the Financial Conduct Authority under Firm Reference Number: 786245 and registered with the Data Protection Act 1998 Registration No: ZA178200.
Think carefully before securing 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. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
COG Financial Limited registered in England and Wales. Company number: 14711447. Registered office address: Sovereign House 37 Middle Road, Park Gate, Southampton, England, SO31 7GH