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Regulated Second Charge Mortgage.

Secured loans for many scenarios, including:

  • Home improvements
  • Debt consolidation.
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Key product information

  • 8.20%

    Rates from 8.20%
  • 75%

    Borrow up to 75% of the property's value
  • £20k - £500k

    Loans from £20k - £500k
Second Charge - Smaller Loans Cost for Comparison Second Charge - Larger Loans Cost for Comparison

To help you understand a typical cost for a mortgage, please see the representative example below. The figures used are for illustration purposes only, your actual costs and monthly payments will vary depending on your mortgage.

For example: A mortgage of £25,000 payable over 18 years, initially on a fixed rate for 5 years at 9.85% and then on a tracker at 2% above the Together Homeowner Managed Rate currently 9.00% (variable) for the remaining 13 years would require 60 instalments of £272.26 followed by 199 monthly payments of £292.26 plus a redemption administration fee of £100.00. Read more information on THMR.

The total amount payable would be £57,720.28 made up of the loan amount (£25,000) plus fees (arrangement fee (£995), broker fee (£1,388) and redemption administration fee (£100), plus interest (£30,337.28).

The overall cost for comparison is 12.5% APRC representative.

The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.

To help you understand a typical cost for a mortgage, please see the representative example below. The figures used are for illustration purposes only, your actual costs and monthly payments will vary depending on your mortgage.

A mortgage of £105,000 payable over 18 years, initially on a fixed rate for 5 years at 8.35% and then on a tracker at 2% above the Together Homeowner Managed Rate (THMR) currently 9.00% (variable), for the remaining 13 years, would require 60 instalments of £972.22 followed by 156 monthly payments of £1,115.21 plus a redemption administration fee of £100.00. Read more information on THMR.

The total amount payable would be £232,405.96 made up of the loan amount (£105,000)plus fees (arrangement fee (£1,495), broker fee (£1,981) and redemption administration fee (£100), plus interest (£123,929.96).

The overall cost for comparison is 10.4% APRC representative.

The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.

Smaller Loans Cost for Comparison

To help you understand a typical cost for a mortgage, please see the representative example below. The figures used are for illustration purposes only, your actual costs and monthly payments will vary depending on your mortgage.

For example: A mortgage of £25,000 payable over 18 years, initially on a fixed rate for 5 years at 9.85% and then on a tracker at 2% above the Together Homeowner Managed Rate currently 9.00% (variable) for the remaining 13 years would require 60 instalments of £272.26 followed by 199 monthly payments of £292.26 plus a redemption administration fee of £100.00. Read more information on THMR.

The total amount payable would be £57,720.28 made up of the loan amount (£25,000) plus fees (arrangement fee (£995), broker fee (£1,388) and redemption administration fee (£100), plus interest (£30,337.28).

The overall cost for comparison is 12.5% APRC representative.

The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.

Larger Loans Cost for Comparison

To help you understand a typical cost for a mortgage, please see the representative example below. The figures used are for illustration purposes only, your actual costs and monthly payments will vary depending on your mortgage.

A mortgage of £105,000 payable over 18 years, initially on a fixed rate for 5 years at 8.35% and then on a tracker at 2% above the Together Homeowner Managed Rate (THMR) currently 9.00% (variable), for the remaining 13 years, would require 60 instalments of £972.22 followed by 156 monthly payments of £1,115.21 plus a redemption administration fee of £100.00. Read more information on THMR.

The total amount payable would be £232,405.96 made up of the loan amount (£105,000)plus fees (arrangement fee (£1,495), broker fee (£1,981) and redemption administration fee (£100), plus interest (£123,929.96).

The overall cost for comparison is 10.4% APRC representative.

The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.


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Common questions about Regulated Second Charge Mortgages

What are my client's mortgage options?

There are lots! Your client's mortgage can last up to 30 years, on a capital repayment basis. They can choose a fixed-rate for a set period at the start of your mortgage, or a variable-rate option for the duration.

Our qualified mortgage advisers can help your client identify the best option for them, based on their circumstances and what they can afford.

How do you decide interest rates?

The rate your client is offered may be influenced by several factors, including:

  • How much your client needs to borrow (both in total, and as a percentage of their property's value)
  • The type of mortgage your client gets
  • Your client's credit history (but not their credit score).

What documents does your client need to apply?

When your client applies for a mortgage, they’ll need to go through our application process and provide certain documents so we can get a clear picture of their circumstances and what they can afford to borrow.

To help your client prepare any documents required we've pulled together a mortgage application checklist so you can move quickly and smoothly when the time comes.

Mortgage application checklist

What fees will your client have to pay?

We charge a Lenders Arrangement Fee, and we charge a Redemption Administration Fee when your client 'redeems' (i.e. full repay) their mortgage, to cover costs associated with closing their account and dispensing our legal claim to their property.

These fees can vary, so we'll ensure that the fees that apply to your client's particular mortgage are clearly explained before they sign on the dotted line.

Other fees and charges may be applied to your client's account during the life of your loan, in relation to the management of their account (for instance, if they fall behind on their monthly payments). These are all explained in our Tariff of Charges.

How long does it take to arrange a mortgage?

It typically takes several weeks to arrange a mortgage.

As a responsible lender, we're duty bound to ensure your client can afford the loan they're applying for. So we may take longer to underwrite your client's case, or request more documentation.

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