Prime Second Charge Mortgage Range

  • Lending from £5,000 to £500,000
  • Rates from 3.8% 
  • No ERCs and no charges for overpayments
  • £0 lender fee available
  • Repayment periods from 3 to 30 years
  • Borrowing up to 95% of the property’s value (less existing mortgage)
  • Tracker, variable and fixed rates
  • Lending in England, Wales and mainland Scotland
  • Cater for customers with historic credit issues and/or those with unconventional income
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A great solution for your customers

A Shawbrook second charge mortgage could offer a great solution to your customers who find themselves in the following scenarios:

  • Your customer has a competitive first charge interest rate that would be lost if they remortgaged
  • Their circumstances have changed and can no longer attract terms as favourable as they had in the past or they have been declined
  • If your customer has an interest-only first charge, a remortgage would require the entire debt to be repaid on a full repayment basis, which may result in more expensive repayments
  • Their first charge mortgage is subject to ERCs
  • They require lending on a short-term basis
  • Customer wants to borrow £25k+ and unavailable on a personal loan

What can a second charge mortgage be used for?

    • Home improvements
    • Debt consolidation
    • Business purposes
    • Deposit for additional property (i.e. BTL or holiday home)
    • Repay a tax bill
    • Holiday
    • Medical procedures
    • Car purchase
    • School fees
    • Wedding
    • Gift money to a child
    • Transfer of equity
    • Lease extension
    • Repay help to buy